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This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

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Assurance

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Auditor’s independence; Reality or an illusion?

Independence is perceived to be an important corner stone in auditing theory. A little consensus is there on the notion that an auditor can maintain independence when the client is paying for the audit job. Certain threats are identified to coup with, in order to ensure the independence of an auditor. The purpose of this [...]

By | 2017-10-09T03:46:27+00:00 October 9th, 2017|Categories: Assurance|Tags: |0 Comments

A brief overview of ISA 701

OVERVIEW ISA 701 ‘Communicating Key Audit Matters in the intendent Auditor’s report’ was issued in 2015 and was applicable on the financial statement audited after 2016. This standard is more relevant to the requirements of other reporting standards (ISA 705 and 706); and the new reporting requirements in ISA 570 (Revised).   SCOPE OF ISA 701 [...]

By | 2017-09-25T05:42:18+00:00 September 25th, 2017|Categories: Assurance|Tags: |0 Comments

KPMG International and Microsoft joins hands for smart audit platform Microsoft Azure.

Partnered since 2015, KPMG International and Microsoft have recently announced strategic initiative of digital solutions that will enable KPMG’s smart audit platform, “KPMG Clara” – built on KPMG business experience and the Microsoft intelligent cloud technology “Microsoft Azure”. KPMG would be the first of the Big Four to enable its member firms to conduct external audits [...]

By | 2017-09-11T03:29:16+00:00 September 11th, 2017|Categories: Assurance|Tags: |0 Comments

South African Regulatory body has unveiled plans to implement mandatory rotation of audits

The Independent Regulatory Board for Auditors (IRBA) said it aims to enhance audit quality and strengthen audit firm’s independence from their clients. Now companies and their audit firms would be required to make plans to adopt the changes. IRBA said it would begin a process to implement mandatory audit firm rotation, which would promote transformation in [...]

By | 2016-10-12T23:45:39+00:00 September 12th, 2016|Categories: Assurance|Tags: |0 Comments

Data Analytics as a tool for External Auditors

Data Analytics and External Auditing Data analytics is a new discipline for auditors. It requires a substantial investment in information technology. It is an important part of the response of larger and mid-tier firms to market demands in the larger-company audit market. Data analytics can be applied to a wide range of assurance engagements. Data [...]

By | 2016-10-12T23:45:43+00:00 July 20th, 2016|Categories: Assurance|Tags: |0 Comments

Audit & Review requirements for Charities

Audit & Review requirements for Charities: If you are running a charity or an organisation meant not for profit, you may be required to have the financial reports audited or reviewed as per ACNC regulations. From 2014 onwards, all large charities must have their Accounts audited while Medium charities have the option of Audit or review. [...]

By | 2016-10-12T23:45:46+00:00 February 17th, 2016|Categories: Assurance|Tags: , |0 Comments

Enhanced Auditor Reporting Requirements announced by AUASB

The Auditing and Assurance Standards Board (AUASB) has issued one new, a number of revised and amended auditing standards that adopt the recent improvements made to the equivalent International Standards on Auditing (ISAs) by the International Auditing and Assurance Standards Board (IAASB). The improvements to the auditing standards comprise enhancements to: Auditors’ reports on financial reports [...]

By | 2016-07-25T12:09:53+00:00 February 3rd, 2016|Categories: Assurance|Tags: , |0 Comments

How audit committees can help deter fraud

As the eyes and ears of the board, the audit committee plays a pivotal role in helping to stop or reverse the rise in reported fraud incidents worldwide. Thirty-seven per cent of more than 5,000 respondents in PwC’s most recent global economic crime survey in 2014 reported being hit by one of five most frequent frauds: [...]

By | 2016-07-27T01:37:07+00:00 February 3rd, 2016|Categories: Assurance|Tags: |0 Comments

IAASB Finalizes Changes for Reporting on Special Purpose Financial Statements

The International Auditing and Assurance Standards Board (IAASB) today released ISA 800 (Revised), Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks, and ISA 805 (Revised), Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts, or Items of a Financial Statement. Reporting on special purpose financial statements is linked to the IAASB’s new [...]

By | 2016-08-04T01:46:37+00:00 February 2nd, 2016|Categories: Assurance|Tags: |0 Comments

IFRS amendments require disclosures about debt financing liabilities

Amendments to IFRS issued Friday require companies to provide information about changes in their financing liabilities and were designed to answer requests from investors for information about changes in a company’s debt. The International Accounting Standards Board (IASB) issued the changes to IAS 7, Statement of Cash Flows, which were created to help investors evaluate changes [...]

By | 2016-08-15T01:55:03+00:00 February 1st, 2016|Categories: Assurance|Tags: |0 Comments