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 ...

The American Institute of CPAs' Auditing Standards Board is looking for feedback on its proposed strategic plan for 2026-30, as it develops guidance in areas such as sustainability assurance and fraud ...

What are Generally Accepted Auditing Standards (GAAS)? A set of standards and principles that ensures a company's audit conforms to set quality standards and meets the audit's objectives. The ...

The changes emerging for audit firm quality management standards may pose implementation challenges for firms that are comparable to those caused by Section 404(b) of the Sarbanes-Oxley Act for audit ...

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 ...

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, ...

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 ...

Should the EU adopt International Standards on Auditing (ISAs)? That is a question asked by the European Commission during a consultation period that will end next week. The ICAEW believes it should ...

Audit standards for private companies are less stringent than those for publicly listed firms because they face fewer disclosure requirements. For example, small privately owned businesses don't fall ...

The National Financial Reporting Authority (NFRA) has recommended a host of auditing standards for the limited liability partnerships (LLPs) on Monday that will make them more accountable and increase ...

NT Reporter Panaji The Union Ministry of Cooperation has said that the accounting and auditing standards for multi-state co-operative credit societies will be determined by the central government ...