Audit & Assurance

Global Knowledge Gateway

Audit & Assurance

Accounting firms offer a wide range of professional services to their clients, including audit, review, other assurance, and related services. These services are regulated, with many jurisdictions requiring compliance with international standards or national requirements that have been based on international ones. High-quality international standards increase the comparability, consistency, clarity, credibility, and transparency of financial information. And, high-quality financial information, in turn, increases the stability of the global financial infrastructure. Read More

 

Why Review Engagements Might Be a Perfect Fit for Your Small Business Clients

by Phil Cowperthwaite, Member, IFAC SMP Committee | October 17, 2014 |

Review engagements provide a limited form of assurance on historical financial statements and may be a cost effective and value-adding alternative when an audit is not required.  Read More

 1 Recommended


Quick and Accurate Data Extraction Enabled by New AICPA Standards
by Kristine Hasenstab, Director, PwC US, and a CPA in Georgia and Eric E. Cohen, XBRL Global Technical Leader, PwC US, and a CPA in New York | September 29, 2014 |

A new series of standards from the American Institute of CPAs for organizing general ledger and sub-ledger data may reduce the effort involved in finding, preparing, and sharing evidentiary data. Read More

 Recommend


Developing the IFAC SMP Committee Response: Proposed ISA Enhancements Focused on Financial Statement Disclosures
by Christopher Arnold, Technical Manager, SME & SMP Affairs, IFAC | August 25, 2014 | 2

The IFAC SMP Committee is seeking feedback on their preliminary views in response to the IAASB’s Exposure Draft, Addressing Disclosures in the Audit of Financial Statements, which is open for comment until September 11, 2014. Read More

 2 Recommended


Working Our Way to Consensus: Internal Controls and the Audit of Smaller and Less-Complex Entities
by Katharine Bagshaw, Technical Manager, Auditing Standards, ICAEW | July 25, 2014 |

Firms can have very different approaches to the requirements of the International Standards on Auditing that address risk, in particular with regard to internal controls. But auditors of smaller and less-complex entities need to understand the design and implementation of internal controls—even when they take a fully substantive approach to the audit. Read More

 3 Recommended


Supporting the Implementation of International Standards—What’s Next?
by Dawn McGeachy, IFAC SMP Committee Member & Implementation Guidance Task Force Chair and Christopher Arnold, IFAC Technical Manager, SME & SMP Affairs | July 21, 2014 |

IFAC's SMP Committee has developed a suite of comprehensive guides and supplementary resources to help SMPs implement international standards; Take the poll to help the committee gauge demand and interest to decide what to develop next.  

  Read More

 5 Recommended

next FIRST next PREV 1 | 2 NEXT next LAST next


 

SMP Committee on

 

Get the latest updates delivered straight to your inbox

Keep Updated
Get the latest updates delivered straight to your inbox.

 

 

Suggest a Resource, News Item, Event, or Discussion Topic

Knowledge Section
URL
Why should we include this?