Where next with assurance? Asks ICAEW in their latest consultation paper

ICAEW is asking for responses on its latest paper on assurance models. As part of its series on how audit and assurance can meet...

IAASB WELCOMES US PCAOB’S EFFORTS TO ENHANCE THE AUDITOR’S REPORT

The IAASB welcomes the release by the US PCAOB of its re-proposed auditing standard, The Auditor's Report on an Audit of Financial Statements When the...

ACCA responds IAASB’s proposal ITC to enhance audit quality

ACCA has responded to IAASB’s Invitation to Comment, Enhancing Audit Quality in the Public Interest: A Focus on Professional Skepticism, Quality Control and Group Audits (the...

Revised UK Corporate Governance Code

The FRC has issued final draft updates to the UK Corporate Governance Code and the associated Guidance on Audit Committees to reflect forthcoming UK...

FRC highlights role of Engagement Quality Control Reviewer in overall audit...

The Financial Reporting Council issued a thematic review undertaken by its Audit Quality Review (“AQR”) team on the work performed by engagement quality control...

Audit quality and transparency key to Audit Firm Governance Code’s provisions

The FRC has issued a consultation on the provisions of the Audit Firm Governance Code, in light of its review earlier this year. The proposed...

ACCA and IIA join forces to boost internal audit industry with...

ACCA has agreed with the IIA (the Institute of Internal Auditors) to develop their Certified Internal Auditor (CIA) Challenge Exam that will be available...

Audit quality improves but further action required to address recurring issues

The FRC has published its 11th annual report on its inspections of audit quality in the UK and individual reports on five of the...

ISA 720 (Revised): ENHANCES AUDITOR FOCUS ON QUALITATIVE DISCLOSURES

The IAASB have released ISA 720 (Revised), The Auditor’s Responsibilities Relating to Other Information. The revisions aim to clarify and increase the auditor’s involvement with “other information”—defined...

FRC publishes review of audit of banks’ loan loss provisions

The FRC's thematic report notes improvements in the quality of aspects of the audit of loan loss provisions and related IT controls. These improvements...

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Where Are the World’s Happiest Workers?

It just makes sense that workers who are content in their jobs are more productive and motivated than those who are not. But for...

EY and Concur to collaborate on the first fully integrated tax and immigration solution...

Concur, an SAP company and provider of travel, expense and invoice management solutions, is working together with business partners to offer  clients a better...

BNP Paribas Asset Management enters into strategic alliance with European alternative SME credit specialist...

Through a strategic alliance and the acquisition of a 10% stake in Caple, BNP Paribas Asset Management (‘BNPP AM’) is providing an innovative platform...

The Future of Management Accountants

Global Accountant came together with the Chartered Institute of Management Accountants (CIMA), part of the community of the world’s largest body of accountants, the...

THIRD OF FINANCE DEPARTMENTS ARE ALREADY USING AI

Research results released by BlackLine, provider of finance controls and automation software, revealed although still an emerging technology, AI is already playing a significant...