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 ...

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 ...

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

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 ...

Compliance teams should expect more support from their organization’s internal audit functions. That is the clear message from the Institute of Internal Auditors (IIA), the global body of national ...

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 ...

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 ...

The cryptoasset landscape is no stranger to volatility, controversy, and the occasional calls for its doom; that has simply been part of doing business in the sector since the beginning. Recent ...

The Pentagon failed its eighth consecutive financial audit and says it is still working toward a clean opinion by 2028, keeping pressure on defense accountability and oversight.