audit

audit

Rule Field Test Foretells Crunch in Closing the Audit

24/06/2014(0)
Field testing of a proposed expansion of the auditor’s report suggests the new requirements will produce a new crunch in the closing phase of the audit, and auditors will ... Read More
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Auditors Favor Curbs on Changes to the Audit Report

23/06/2014(0)
Rather than divulge every worry that kept them up at night during an audit, some auditors feel that they should limit their reporting of “critical audit matters” to the ... Read More
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China Auditor Blames CIC Mismanagement for Investment Losses

18/06/2014(0)
Mismanagement at China Investment Corp., the nation’s $575 billion sovereign wealth fund, led to overseas investment losses that could widen, according to the National Audit Office. A dereliction of ... Read More
accounting

Know the Roth 401(k) Rules—Or Get Left Behind

23/05/2014(0)
Behold the Roth 401(k), the retirement savings tactic growing in popularity among younger and more affluent employees, and offered by ever-increasing numbers of employers. Driving the boom are legislative ... Read More

KPMG’s audit discovers Portugese bank irregularities

23/05/2014(0)
An audit by KPMG of Portugese financial giant Espirito Santo International (ESI) has found it is in a “serious financial condition”. In a US regulatory filing by its affiliate ... Read More
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Logitech says audit committee investigating accounting matters

22/05/2014(0)
Logitech International SA said its audit committee is conducting an investigation into some of its accounting matters related to its earlier-stated results and the company may revise its fiscal ... Read More
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Physically protecting data – the forgotten IT security problem?

12/05/2014(0)
The innovative collection and use of data is developing rapidly and has the potential to be highly beneficial, helping businesses to better understand their markets, identify where to make ... Read More
big four

Making Big Four partner ‘meritocratic but highly commercial’

06/05/2014(0)
Making partner at a Big Four firm is more meritocratic than previously considered – but does this create a culture of commercialism that could clash with what is expected ... Read More
audit

Regulators suggest firms take deep dive into audit quality

11/04/2014(0)
While acknowledging that auditors are under unprecedented scrutiny, an international association of audit regulators is asking audit firms to analyze causes of problems in audits globally in hopes of ... Read More
acca

Parliament brings the audit reform to its final stages

03/04/2014(0)
ACCA (the Association of Chartered Certified Accountants) welcomes the endorsement of the audit package by the European Parliament. Sue Almond, external affairs director at ACCA, says: ‘ACCA congratulates the ... Read More
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