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

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

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 [...]

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

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

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 [...]

Data Analytics as a tool for External Auditors

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

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 [...]

Audit & Review requirements for Charities

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

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. [...]

Enhanced Auditor Reporting Requirements announced by AUASB

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

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 [...]

How audit committees can help deter fraud

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

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: [...]

IAASB Finalizes Changes for Reporting on Special Purpose Financial Statements

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

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 [...]

IFRS amendments require disclosures about debt financing liabilities

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

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 [...]

Financial Execs Concerned about Internal Controls

By | 2016-07-27T01:37:09+00:00 January 27th, 2016|Categories: Assurance|Tags: |

Nearly a third of financial reporting executives in a new poll said internal control over financial reporting was their highest concern beyond their financial reporting responsibilities. KPMG surveyed nearly 400 financial executives during the firm’s 25th Annual Accounting & Financial Reporting Symposium and 31 percent cited internal controls as their biggest concern. Approximately 26 percent of [...]

Audits in Accordance with Special-Purpose Frameworks – Part 1

By | 2016-10-12T23:45:52+00:00 January 15th, 2016|Categories: Assurance|Tags: |

Under AU-C Section 800, Special Considerations—Audits of Financial Statements Prepared in Accordance with Special-Purpose Frameworks, auditors are responsible for evaluating the appropriateness of an entity’s applicable financial reporting framework. The evaluation should take into account financial statement users’ needs and whether the framework appropriately presents the entity’s financial position and results of operations. Pre-Engagement Planning: Special-Purpose [...]