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 ...

Over the past few years, much attention has been paid to the issue of global harmonization of generally accepted accounting principles while, at the same time, a much quieter revolution has been ...

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 ...

Despite a very uncertain economic climate, investors can at least feel confident that audited financial reports are more ...

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 ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. The Auditing Standards Board (ASB) ...

National Financial Reporting Authority (NFRA), the country’s sole independent audit regulator, on Monday finalised and decided to recommend to the Central government to notify the auditing standards ...

The CA Institute has said that its newly-issued audit firm quality management standards do not fall within the definition of “auditing standards”. These two standards —SQM 1 and SQM 2 — issued on ...

The American Institute of CPAs’ Auditing Standards Board proposed a strategic plan Friday that will guide the ASB’s work over the next three years. The Proposed Strategy and Work Plan has five ...

Ole-Kristian Hope is the Deloitte Professor of Accounting at the University of Toronto's Rotman School of Management. He teaches Commerce, MBA, and PhD courses in accounting. He has broad research ...