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


SME Acquisitions and the Added Value of a Registered Auditor

by Daniel Kroes, President, of the Belgian institute of Registered Auditors; Audit Partner, Deloitte Bedrijfsrevisoren | March 23, 2015 |

Hiring a registered auditor when acquiring an SME can help to reduce obstacles and increase the success of the acquisition, according to recent insights from the Belgian Institute of Registered Auditors (IBR-IRE) Congress, “Acquisitions (Transfer and Takeover) of SMEs: Approach, Risks, and Valuation.”  Read More


Why Bother with Assurance?
by Henry Irving, Head of Audit and Assurance Faculty, ICAEW | February 26, 2015 |

As audit thresholds for statutory audits around the world continue to rise, some companies will still choose voluntarily to be audited, but for those that don’t, the profession needs to be ready to offer valuable alternative assurance services. Read More


ISRS 4410: The Standard for Today’s Compilation Engagements
by Phil Cowperthwaite, Former Member, IFAC SMP Committee | January 22, 2015 | 1

With the growing demand for non-assurance services, compilation engagements conducted in compliance with the revised International Standard on Related Services (ISRS) 4410 provide new opportunities for professional accountants in practice and their clients.  Read More

 2 Recommended

Communication Is Vital to the Performance of SME Audits
by Katharine Bagshaw, Member, IFAC Small and Medium Practices Committee | November 11, 2014 | 2

Identifying who is charged with governance, and ensuring appropriate communication and documentation, are vital to the success of smaller entity audits. Read More

 4 Recommended

Growing Your Practice: Agreed-Upon Procedures Engagements
by Dawn McGeachy, IFAC SMP Committee Member & Chair of the Implementation Guidance Task Force and Christopher Arnold, Technical Manager, SME & SMP Affairs, IFAC | October 28, 2014 | 1

Recognizing that agreed-upon procedures engagements have the potential to be an attractive and fast-growing service offering to SMEs, the IFAC SMP Committee is interested in how these engagements are being performed under ISRS 4400, Engagements to Perform Agreed-Upon Procedures Regarding Financial Information. Read More

 3 Recommended

next FIRST next PREV 1 | 2 | 3 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
Why should we include this?