Stakeholder comments on Exposure Draft 74 sought by March 1, 2021 The International Public Sector Accounting Standards Board (IPSASB) has today released for comment Exposure Draft (ED) 74, IPSAS 5, Borrowing Costs – Non-Authoritative Guidance. The ED proposes...
2020-10-23 - 10:27 Read more
Published by: The Monitoring Group The Monitoring Group published its final paper (the “Paper”) concerning reforms to the global standard-setting process for audit, assurance and ethics. The purpose of this Paper is to present the Monitoring Group’s recommendations to...
2020-08-12 - 01:38 Read more
Të nderuar, Në vijim të vendimit të Qeverisë së Republikës së Kosovës për marrjen e masave parandaluese kundër shpërndarjes së virusit CoViD-19 duke përfshirë ndërprerjen e procesit edukativo -arsimor në të...
2020-03-12 - 09:50 Read moreHigh-quality audits of financial statements are essential to strong organizations, financial markets and economies. While audits have historically focused on enhancing the confidence of investors and other providers of capital, other stakeholders also benefit—including directors,...
2020-03-11 - 10:00 Read more
The objective of an audit is to provide investors and other stakeholders with reasonable assurance as to whether the financial statements, taken as a whole, are prepared in accordance with the applicable financial reporting framework and are free from material misstatement. Audits help...
2020-03-11 - 09:55 Read more
High-quality audits depend on individuals, acting in the public interest, with the experience, integrity, independence, professional judgement, and skills commensurate with a high-quality audit. There is no more important factor. It is therefore vital that audits be conducted in an...
2020-03-11 - 09:52 Read more
Achieving high-quality audits is dependent on a well-functioning ecosystem of participants from the audit profession as well as from governing bodies, directors and management. The right culture—starting with the tone at the top—and right oversight are critical to achieving a...
2020-03-11 - 09:46 Read more
Regulation plays an important role in calibrating incentives, driving good outcomes, and ensuring that reasonable expectations are met. At the same time, there is the risk that the cost of regulation outweighs the benefits, that regulation can foster low-value defensive behaviors, or can...
2020-03-11 - 09:41 Read more
The term audit quality encompasses the key elements, both contextual and quantifiable, that create an environment which maximizes the likelihood that quality audits are performed on a consistent basis. Globally, many thousands of audits are performed annually—in the public...
2020-03-11 - 09:36 Read more
All participants in the audit and assurance ecosystem must act to improve the audit process, the skill-set and mind-set of accounting professionals, the governance activities of companies and firms, the regulations and standards that support entity reporting and auditor behavior, and how audit...
2020-03-11 - 09:28 Read more
