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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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Audit

/Tag:Audit

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

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

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

Financial Execs Concerned about Internal Controls

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 [...]

By | 2016-07-27T01:37:09+00:00 January 27th, 2016|Categories: Assurance|Tags: |0 Comments

Audits in Accordance with Special-Purpose Frameworks – Part 1

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 [...]

By | 2016-10-12T23:45:52+00:00 January 15th, 2016|Categories: Assurance|Tags: |0 Comments

Deloitte ‘in firing line’ after Dick Smith failure

Dick Smith's long-time auditor Deloitte will come under scrutiny following the retailer's placement into voluntary administration as questions are asked about why the gatekeeper didn't raise red flags about refinancing problems and inventory issues in the company's full-year accounts in August. "These things are never pleasant, I certainly wouldn't want to be in [Deloitte's] shoes right [...]

By | 2016-10-12T23:45:55+00:00 January 10th, 2016|Categories: Public Practice|Tags: , |0 Comments

Higher audit threshold raises threat of fraud

ICAEW chief executive Michael Izza is urging government to rethink increasing the audit threshold because it could expose smaller companies to the risk of fraud and money-laundering He has warned the Department for Business, Innovation and Skills (BIS) that the knock-on effect could adversely impact the public’s confidence in business – which is already at an [...]

By | 2016-07-27T01:54:02+00:00 December 14th, 2015|Categories: Assurance|Tags: |0 Comments