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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
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 - AccountingWeb
This article presents the majors differences between U.S. GAAP and the FRF for SMEs affecting the audit of investments.
AICPA’s Third-Party Verification Toolkit can help accountants make appropriate decisions and inform clients of the responses accountants can supply and/or the related services they are able to perform on their behalf.
Auditing Special Purpose Frameworks: Auditing Inventories—Part 2
September 2, 2014 - AccountingWeb
This guidance offers information regarding the audit of inventories. It includes level of risk of material misstatement
Here are some of the areas that have required extra attention from organisations in implementing the framework.
News, reaction and video from the economia Value of Audit series of roundtables, in association with KPMG.