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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
Accounts Payable and Accrued Expenses: The AICPA's Financial Reporting Framework for Small- and Medium-Sized Entities is based on the accrual basis of accounting.
Audit & Assurance Alert
September 30, 2014 - CPA Canada
The what, why, and how to CAS 600 complying with requirements in group audits involving components in emerging markets
Auditing Special Purpose Frameworks: Auditing Property and Equipment
September 24, 2014 - Accounting Web
A summary of basic accounting policies and applicable auditing standards and procedures for the AICPA'sFinancial Reporting Framework for Small- and Medium-Sized Entities, are presented in this article.
ACCA report summarizes the findings of an online survey into the views of Australian CFOs about the drivers of audit quality.
Net Balance encourages the revised ISAE 3000 to be used in conjunction with a detailed approach of the AA1000 AS, and be applied together during the phases of planning, obtaining evidence and establishing quality controls.
Peer review findings can translate into higher-quality audits.
Auditing Special Purpose Frameworks: Auditing Investments—Part 1
September 9, 2014 - Accounting Web
This article presents the majors differences between U.S. GAAP and the FRF for SMEs affecting the audit of investments.