Browse Auditing Articles

  • +2

    Spin Doctors Working Overtime on IFRS

    Spin Doctors Working Overtime on IFRS
    "Say you were standing with one foot in the oven and one foot in an ice bucket," former Major League shortstop and manager Bobby Bragan once said. "According to the percentage people, you would be perfectly comfortable." Bragan, who died earlier this year at the age of 92, knew the fickle nature of statistics: They can be spun to tell any ...
    Published over 7 years ago | Rated: +2
  • +3

    Audit Quality: More Important Than Ever?

    Audit Quality: More Important Than Ever?
    Is the role of the auditor more important today than at any other time in recent memory? I think the argument can be made. Wall Street is under scrutiny, the government has been doling out money left and right to shore up the economy, but where's the transparency? Where's the accountability? Those buzzwords are being tossed around with abandon these days, ...
    Published over 7 years ago | Rated: +3
  • +2

    SEC Takes Another Baby Step Toward IFRS

    SEC Takes Another Baby Step Toward IFRS
    Call the SEC's most recent statement on IFRS deliberate, or reasoned, or cautious. Just don't call it breaking news. In a unanimous decision, the SEC has voted to issue a statement supporting the ongoing pursuit of a single set of global accounting standards. What it didn't do is anything earth-shattering, like set a date for when the United States would join ...
    Published over 7 years ago | Rated: +2
  • +3

    Thumbs Up on New SSARS Standard

    Thumbs Up on New SSARS Standard
    Don’t know if you’ve been following this story, but for the last few months, the AICPA has been working on a major revision to the standards for comp and review engagements. This is the biggest change to the standards since they were first written thirty years ago. I’ve been reading the new standards over the last couple of days, and I ...
    Published over 7 years ago | Rated: +3
  • +4

    KPMG's Audit Committee Institute Offers Annual 'Ten To-Do's for Audit Committees in 2010'

    KPMG's Audit Committee Institute Offers Annual 'Ten To-Do's for Audit Committees in 2010'
    NEW YORK -- "Corporate audit committee members know they have a sizeable task in 2010 as they confront high shareholder expectations, new regulations and legislative reforms, and a tenuous economic recovery," said Mary Pat McCarthy, executive director of the Audit Committee Institute (ACI) and a Vice Chair of KPMG LLP, the U.S. audit, tax and advisory firm. To help audit committees ...
    Published over 7 years ago | Rated: +4

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