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 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?
Cochlear – a global leader in the hearing implant market – was among the early adopters of advanced audit reporting in Australia. We speak to Cochlear’s CFO Neville Mitchell about the lessons learnt since adopting the new standards.
New audit reporting rules promise greater transparency, clarity and insights for investors and stakeholders.
Following on from the International Auditing and Assurance Standards Board’s (IAASB) new requirements for auditors’ reports issued in early 2015, the Auditing and Assurance Standards Board (AUASB) have now released equivalent requirements in Australia.
For an audit report to be worth its salt, the auditor who prepared it must be seen to be, and actually be, truly independent and free of any undue influence.
When it comes to engagement breaches, similar mistakes are made year after year. Read on for the top 10 for both audit and non-audit engagements.
Auditing self-managed super funds in “real-time” is currently a big topic of conversation for those who work in the SMSF industry.
If you think the issue of auditor independence is black and white, think again.
It's never easy, but it can be done with real leadership.
How you classify your workers matters a great deal.
Auditor reporting is poised for sweeping changes worldwide with the introduction of new standards from the IAASB.