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...

Recent Posts

Most Popular

WORKING IN THE ‘DARK AGES’: FIFTH OF ACCOUNTANTS STILL USING 13TH CENTURY METHODS

A new report has found that despite six in ten (61%) accountants saying that the finance and accounting profession is at a technological tipping...

ICAEW publishes IFRS 9 briefing

ICAEW has published a briefing on the new accounting standard, IFRS 9, which is to be implemented on 1 January 2018. The new rules...

10 Ways to Beat Workplace Stress

Working overtime, barely making deadlines, a demanding boss: These pressures may be part of life for an accountant. According to a recent Accountemps survey...

Disintermediation, and the role of humans in providing assurance

Innovation, both in technology and business model, has given both enterprises and individuals the ability to perform many tasks that previously required a third-party...

Talend Unveils Multi-Cloud Big Data Integration Solution

Talend, a provider of cloud and big data integration solutions, unveiled a new version of its Talend Data Fabric platform that is optimised to...