Countries and jurisdictions throughout the world mandate that entity financial statements be prepared using International Financial Reporting Standards, and that audits be conducted in accordance with ...

2024 will be a demanding year for internal auditors who will be facing new requirements and updated standards. "The IIA is getting ready to put out new standards for internal auditors," said Richard ...

ICAI’s revised SA 600 tightens safeguards but allows lead auditors to rely on subsidiary auditors, while audit regulator NFRA ...

As a result of the AICPA Auditing Standards Board’s (ASB) Clarity Project, a new standard has been developed that provides clearer requirements and guidance for audits of group financial statements, ...

IN BRIEF Public company auditing is a complex and challenging area of accounting practice. The following revisits the authors ...

New Delhi: The National Financial Reporting Authority (NFRA) on Monday recommended audit standards for limited liability partnerships (LLPs), although the accounting and auditing self-regulator ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. In an era defined by rapid changes and complex challenges ...

The International Auditing and Assurance Standards Board (IAASB) has issued revised international auditing standards designed to sharpen auditors’ focus on disclosures and to drive consistency in the ...

The Trump administration’s crypto-friendly approach has resulted in reduced oversight of the crypto industry, leading to criticism from advocates and lawmakers. The SEC has changed its policies from ...

A single set of international auditing standards that apply to audits for all organizations -- not just large listed companies -- is an essential component of the world’s financial architecture. These ...

A recent audit report of the Department of Children’s Services called on lawmakers to get involved when it comes to ...