by Cindy Fornelli, Executive Director, Center for Audit Quality (CAQ) | February 14, 2017
Awareness and activity in the fight against financial reporting fraud are as strong as ever, thanks in part to proactive efforts like the Anti-Fraud Collaboration. But let's face it—fraud happens, and, sadly, given human nature it always will.
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SMPs Can Add Value with New Services
by Peter Docherty, General Manager, Public Practice, CPA Australia | October 31, 2016
Developing broader skillsets and providing advisory services can help SMPs add even more value to their clients’ business, and help bring alive more traditional services like compliance and reporting.
Research Insights—Auditor Professional Skepticism Part I: Incentives and Time
by Joseph F. Brazel, Professor of Accounting and University Faculty Scholar, North Carolina State University and Tammie Schaefer, Assistant Professor of Accounting at the University of Missouri, Kansas City | October 31, 2016
This three-part series summarizes academic research in the area of auditor professional skepticism and identifies key observations in the areas of incentives, time, mindset, environmental and contextual factors, and personality traits.
New Public Sector Accounting Standards and Rights of Citizenship
by Idésio S. Coelho, Senior Partner,EY & President, IBRACON | October 31, 2016
Brazil’s transition to using International Public Sector Accounting Standards, which began in 2015, will strengthen the country’s public sector financial management, improve its accountability and transparency, and build trust with citizens for...
The Adventure of Standard Setting: Reflections from a Chairman
by Prof. Arnold Schilder, Chairman, International Auditing and Assurance Standards Board | October 26, 2016
Following its recent meeting in Hong Kong, the Chairman of the International Auditing and Assurance Standards Board explains how he approaches each meeting.
Pride, Connectedness, and Responsibility: A Closer Look at the Dutch Professional Accountant in Business
by Marianne Nieuwenhuis, Head of Professional Accountants in Business, Royal Nederlandse Beroepsorganisatie van Accountants | October 25, 2016
The Royal Nederlandse Beroepsorganisatie van Accountants recently conducted a survey of its professional accountants in business members to gain insight into this member group and their views.
Mandatory Audit Firm Rotation—Are We Going ‘Round in Circles?
by Fayez Choudhury, Chief Executive Officer, IFAC | October 18, 2016
Last week, the South African Independent Regulatory Board for Auditors (IRBA) announced a timeline for new mandatory audit firm rotation requirements—a policy requiring companies to switch auditors periodically. In the same week, the
IPSAS AND Accrual Accounting: Critically Important for Investment and Voting Decisions
by Ian Ball, Chairman, CIPFA Internationa | October 14, 2016
Governments need both International Public Sector Accounting Standards and accrual accounting for sound public financial management—and citizens need it for well-informed ballot box decisions.