The purpose of audit is to provide impartial opinions and assessments of company records, processes and procedures. Interested parties, such as shareholders, possible investors and lenders, who might ...

Small businesses sometimes undergo corporation audits to ensure that their financial practices are meeting acceptable standards. A business may conduct these audits internally to evaluate its own ...

The audit section in a services agreement contains the provisions that specify a party’s right to access and review another party’s information in order to determine such party’s compliance with the ...

The debate about responsible financial reporting has not been sidelined by the COVID-19 pandemic. In fact, the future of audit—and how it should adapt to changing stakeholder demands—has only grown in ...

What is the purpose of audit planning if the audit may not ultimately follow the carefully thought out plan? As may be inferred from Dwight D. Eisenhower’s words—”Plans are worthless, but planning is ...

George Parker and Jonathan Ford, in “Minister calls for probe into audit’s Big Four” (September 29), restate concerns about audit market concentration in the FTSE 350 and the wider corporate ...

In this interview, Prof Humphrey, a member of Sir Donald Brydon’s advisory board, offers his own reading of the Brydon report, explaining the significance of Brydon’s conceptual reframing of audit and ...

The International Auditing and Assurance Standards Board has finalized the changes in its standard for auditor reporting on special purpose financial statements. Processing Content The IAASB, which ...