by Cindy Fornelli, Executive Director, Center for Audit Quality (CAQ) | February 9, 2016 |
Audit committees serve an essential role in corporate governance through their oversight of companies’ financial reporting processes and audits. The Center for Audit Quality (CAQ) believes that reliable quantitative metrics regarding the audit—commonly referred to as audit quality indicators (AQIs)—could be used to better inform audit committees about key matters that may contribute to the quality of an audit.
by Anton Colella, Chief Executive, Institute of Chartered Accountants of Scotland | January 26, 2016 |
Since the global financial crisis, the public’s trust in business institutions has been severely eroded, and it shows little sign of coming back in a hurry. I don’t believe most people going into business do so with the idea of acting unethically, but there is a great deal of public skepticism to overcome. It is important that we look for ways to restore that trust, and that it is seen to be justified.
by Gail McEvoy, Principal Partner, McEvoy Craig Accountants & Auditors and IFAC Board Member | January 12, 2016 |
Small and medium enterprises (SMEs) dominate the world business stage—they are estimated to account for almost 95% of enterprises worldwide and approximately 60% of private sector employment. They are key engines of job creation and
For the accountancy profession, 2015 was a forward-looking year. The need to attract and develop new talent, embrace rapidly changing technological trends, and demonstrate how the accountancy profession is playing a wider role in society were
by Kendall O. Bowlin, University of Mississippi; Jessen L. Hobson, University of Illinois at Urbana-Champaign; and M. David Piercey University of Massachusetts – Amherst | December 15, 2015 | 3
As new auditor rotation mandates are debated and adopted or rejected worldwide, a new research study takes a different approach to assessing the effects of these mandates on audit quality.
by Brian Sommer, TechVentive Founder and Technology Industry Expert | December 1, 2015 |
Change often creeps up on us slowly, and then it’s all over us. That’s happening in accounting circles today particularly as it pertains to big data. And, the changes it’s triggering will cause fundamental reassessments of what practitioners do and
by Alta Prinsloo, IFAC Chief Operating Officer and Paul Thompson, IFAC Director, Global Accountancy Profession Support | November 17, 2015 | 3
Over the past few years there’s been exponential growth in the sharing economy, characterized by collaborative consumption where we share space, cars, skills, whatever.