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 ...

A group of high-ranking officials in accounting and auditing standard-setting organizations discussed the changing standards for mandatory audit firm rotation, private company accounting and other ...

Generally Accepted Accounting Principles and Governmental Auditing Standards differ and cover different aspects of the financial reporting process. GAAP defines how businesses, both public and private ...

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

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

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 ...

This report was prepared by the World Bank, on the basis of a diagnostic review carried out between April and November 2009, including three field missions. The report was prepared by a team led by ...

Recently issued FASB standards for revenue recognition, lease accounting, and the private company variable-interest entity (VIE) consolidation have led to companies’ and practitioners’ asking a host ...

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 company is headed by Mariam Mohammed Almalek, who brings more than 20 years of experience in financial roles.