Audit

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SEC Filer Definition change adds Audit Checkbox to Cover Sheets

The US Securities and Exchange Commission (SEC) has adopted long-proposed changes to filer definitions, designed to ease the reporting burden and compliance costs for small filers. The amendments mean smaller reporting companies – those with less than $100 million in revenue – will no longer need to obtain a separate attestation of their ability to maintain […]

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FRC to Assess Climate Reporting

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Climate issues seem to be… well… hot. This week the UK’s Financial Reporting Council (FRC) announced a major review of how companies and auditors assess and report on the impact of climate change. The review will assess to what extent existing reporting requirements, including recommendations for companies to report in line with the TCFD framework, are […]

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Audit of Inline XBRL: First Guidelines Published

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The Committee of European Auditing Oversight Bodies (CEAOB) has published important guidance for auditors reviewing financial reports published in accordance with the new ESEF regulations.

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Survey Dives into KAMs in the Banking Sector

By Editor

An Accountancy Europe survey of Key Audit Matters (KAMs) reporting has found a slight dip in the number of KAMs reported by European banks – although numbers are still significantly higher than the average for all industries. KAMs became mandatory with the new and revised auditor reporting standards which came into effect for audits of […]

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Preventing Audit Extinction

By Editor

PCAOB Board Member J. Robert Brown’s speech at Data Amplified has now been published on the Audit Regulator’s website. Mr Brown urges regulators and the audit profession alike to consider the impact of potential irrelevance

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Data Amplified 2019: Governance of Reporting

By Editor

John Turner, XBRL International CEO and Robert Tarola, Chair of the XBRL International Board of Directors, kicked off Wednesday morning at Data Amplified with an interesting discussion on the changing requirements for financial reporting governance in a digital reporting ecosystem. Tarola, who has an extensive background in audit, CFO, and board of director roles, demonstrated […]

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Audit set to form part of the ESEF mandate

By Editor

Together with a press release marking the publication of the ESEF Regulatory Technical Standards in the Official Journal of the European Union, the European Commission published an ESEF Q&A, that provides answers to frequently asked questions. Significantly, it includes the following question and answer: 7) What kind of assurance will be provided for financial statements […]

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Auditing Non-Financial Data

By Editor

For audit and accounting to build truly useful advisory services, they need to focus on more than just financial data, suggests a blogpost on the Accountancy Europe site. Wesley Shulte, from Finext, argues that moving beyond financial data will allow auditors and accountants to create valuable assessments for companies – for example, by auditing human […]

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Auditing in the AI Age

By Editor

AI has led to some predicting the catastrophic demise of the audit profession – however, as robots don’t quite live up to the job-stealing hype that’s been predicted, how will the smart machine age really effect the evolution of auditing? Jillian Alderman explores the reality of audit in the AI era in an article in the Graziadio Business Review this week.

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Audit

Are We Entering a Golden Age of Audit?

By Editor

A recent article by Amir Ghandar, former Deputy Director, Public Policy & Regulation at the International Federation of Accountants (IFAC), in the Australian Financial Review takes a hopeful angle on the crisis in audit confidence, arguing that the digital age’s thirst for trusted information signals the start of a golden age of audit. Recent years have […]

Items tagged with "Audit"

SEC Filer Definition change adds Audit Checkbox to Cover Sheets

FRC to Assess Climate Reporting

Audit of Inline XBRL: First Guidelines Published

Survey Dives into KAMs in the Banking Sector

Preventing Audit Extinction

Data Amplified 2019: Governance of Reporting

Audit set to form part of the ESEF mandate

Auditing Non-Financial Data

Auditing in the AI Age

Are We Entering a Golden Age of Audit?

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Audit

Items tagged with "Audit"

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