The UK Government has confirmed it will not proceed with the long-anticipated Audit Reform and Corporate Governance Bill, drawing a line under nearly a decade of debate on the future of audit oversight and corporate accountability.
At a recent AICPA “A&A Focus” webcast, panellists explored how auditors can get more from artificial intelligence – not by upgrading the tech, but by upgrading their prompts.
The Australian Securities and Investments Commission (ASIC) recently published its annual review, identifying significant weaknesses in financial reporting and audit quality.
This UK’s National Audit Office (NAO), in collaboration with the Institute of Chartered Accountants in England and Wales (ICAEW), recently published new guidance on how governments can harness financial reporting data for more effective decision making.
Auditing in the age of artificial intelligence (AI) has seen a watershed moment with the UK Financial Reporting Council’s (FRC) release of sign-of-the-times guidance on documenting and deploying AI tools.
Sustainability reporting is holding steady—but assurance is on the rise. According to a new study from the International Federation of Accountants (IFAC) and AICPA & CIMA, 73% of the world’s largest companies now obtain some form of assurance on their sustainability disclosures. That’s up from 69% the year before—and just 51% five years ago.
The American Institute of Certified Public Accountants (AICPA) recently hosted its latest A&A Focus webcast, diving into the ethical implications of using artificial intelligence (AI) in audit procedures. The event, part of a monthly series, featured insights from leading experts on accounting, auditing, and assurance.
The UK’s Financial Reporting Council (FRC) is taking steps to enhance sustainability reporting assurance through focused roundtable discussions. These roundtables, introduced as part of the FRC’s ongoing market study initiated in March 2024, aim to gather insights from stakeholders regarding the current state and future direction of sustainability assurance.
On 9 April the US Public Company Accounting Oversight Board (PCAOB) released a proposal to significantly enhance a range of metrics that audit firms will need to publicly disclose on an annual basis.
The Financial Reporting Council (FRC) has launched a survey of the UK market for sustainability assurance services. This initial study aims to ensure the efficient functioning of the rapidly expanding market and to enhance the quality of assurance provided over companies’ sustainability reporting.
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