Auditing

As the use of cloud-based technology has become integral to the operations of accounting practices, it is critical that they introduce cybersecurity awareness programs for staff.

What the experts say: How audits will look in the post-COVID-19 era


Business leaders are uniquely positioned to serve as influential role models. How they communicate during times of crisis can create clarity, build resilience, and catalyse positive change on the way to recovery.

Ahead of the curve: Leading from the front during recovery


How can auditors effectively evaluate management’s going concern assessments in these unprecedented times?

Auditors may face difficult conversations regarding going concern


How can auditors maintain audit quality, continue  to comply with auditing standards and satisfy the regulators amid COVID-19 constraints?

Australia test case for remote audits using technology


CPA Australia has recommended that the government act on implementing the proposed improvements to ACNC legislation to further red-tape reduction and streamline charity regulation.

NFP reporting and audit obligations – regulatory responses during COVID-19


A range of technologies are available that can enable audit team members to collaborate effectively in real time, even when working remotely in different locations.

Auditors turn to new tech amid COVID-19 crisis


Recently, ethics has come into greater focus, particularly with respect to auditor independence and professional integrity.

Changing winds of accounting ethics


INTHEBLACK

Impacts of COVID-19 on reporting entities and auditors


The challenges in the audit of less complex entities


With a weakening economic outlook, Australia needs robust financial markets and effective oversight to guard against corporate failures.

Mind the audit expectation gap


Much of the current concern for independent auditing has been driven by events in the UK after a series of business failures.

Seeing audit quality in Australia in a new light


It is imperative that auditors obtain the input of experts who can assess the impact of both physical and transition climate-related risks.

Accounting for climate risk is now the auditor's business


How technology and data are transforming accounting and audit


Accounting practices should be alert to a growing number of pseudo tax audit protection services being offered that, on the surface, may seem like a cost-effective solution, but underneath effectively involve practices paying for a service with no insurance backing.

Accountants beware of junk insurance for tax audits


Recent court cases are a stark warning to SMSF auditors, after a court found a second auditor responsible for a lion's share of SMSFs losses.

SMSF auditors under renewed scrutiny


Before taking steps to fix audit quality, it needs to be reliably and consistently measured, in a comparable manner.

Audit quality: is it time for a different approach?


Professional scepticism is defined in Australian auditing standards as “an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence”.

Why professional scepticism is a crucial weapon in an auditor's armoury


Since SMSF auditor registration commenced in 2013, up to 30 June 2018 ASIC has deregistered, suspended or imposed conditions on 101 SMSF auditors for various breaches.

Auditor independence in the crosshairs


Data analytics is unlocking new assurance opportunities for auditors who can show a deeper understanding and different view of clients’ businesses.

Audit and the machine: how client demand is changing audit and assurance


The auditor of the future will use data analytics to check data of much larger sets of information from a wide variety of agencies.

How data analytics is transforming audit


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