Should detecting fraud or other major infractions be part of an auditor's professional duty of care or is it a step too far?
The growth in self-managed superannuation funds (SMSFs) shows no signs of slowing, and as the number of funds approaches 600,000, regulators have had to prioritise and set criteria to monitor the sector.
At what point does an auditor decide that a company is at risk of being unable to continue in business – and need to highlight that risk by issuing a “going concern” emphasis of matter in their report?
Many of your clients may not be aware that the entity they manage may not require an audit.
Auditing small entities brings many unique challenges. The applicable auditing and assurance standards for small entities are the same as those for much larger audits. There is no substitute for knowledge of those standards in scaling the approach to each different audit situation.
This podcast tackles the question: is data analytics transforming the audit or is just a new means of gathering the same evidence as in the past?
Professional scepticism is a hot topic for auditing, and new research provides pointers on how to develop it.
The ATO is increasing its focus on SMSF auditors who fail to meet key auditor independence requirements.
The Queensland Audit Office is leading the way on analysing large amounts of complex audit data to unlock insights into government agencies.
The International Auditing and Assurance Standards Board has issued sweeping reforms aimed at increasing the usefulness and transparency of auditors’ reports. These changes have been taken into the Australian standards, effective from 15 December last year. So why the change?