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Items tagged with "Audit"

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Embed standardised reporting for maximum advantage suggests CFA Institute

Thinking about the way that using standardised structured data inside the enterprise can benefit management as well as investors and auditors is the subject of a new guest post from Mohini Singh.

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hands pulling rope, teamwork concept

Re-Writing The Script On Financial Reporting

This is the second in a series of guest posts from Mohini Singh, ACA, Director, Financial Reporting Standards, CFA Institute. For the past  six years, the narrative assigned to investors is they are drowning in information. This script emerged in 2011/2012 with publications such as the UK Financial Reporting Council’s Cutting Clutter and ICAS’s Losing […]

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Dilemma

Auditors face Innovation Dilemma?

As frequently reported here, audit firms around the world are increasingly turning to new technologies, particularly artificial intelligence, to develop greater coverage and new insights. New machine learning techniques allow manual sampling efforts to be replaced with the automatic review of every single transaction of a particular type. Sounds like a way to provide a better, […]

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Italian Corte dei Conti Goes Online

The Court of Auditors in Italy has implemented an XBRL-based online submission system for the filing of financial statements by entities under the court’s jurisdiction.

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XBRL GL Framework Making Inroads

The XBRL GL Framework is coming into increased use around the world as a way to standardize the reporting of financial and business information within an organisation or throughout a supply chain at a transactional level.

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Hear the Latest Research on XBRL at Business Reporting 360°

Business Reporting 360° will again have a track that presents the latest research into how XBRL is being utilized. These papers shed light on current practices and paint a picture for possible applications down the road. Two emerging themes are the impact of automation on analysing narrative elements and other non-financial information in annual reports; and the role XBRL plays in […]

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XII Forms International Audit Data Collection (ISO) Task Force

XBRL International has created an Audit Data Collection (ISO) Task Force to act as a single point of communication between the XBRL community and the ISO during the ISO/PC 295 project

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Audit Checklist

Audit Data Standards – Update

It’s official. ISO member countries have voted to approve a Technical Committee proposed by China to tackle the development of international standards for how auditors obtain accounting data, including format and content requirements of accounting data elements and data interface output files. As of now there are 13 participating countries and 29 observing countries. XII developed a position […]

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Account Sheets

Audit Data Collection Standards – Where We Stand

As we reported recently, there is a proposal within the International Organization for Standardisation (ISO) to start a new effort to create an international standard for audit evidentiary data for internal and external audit. In response to this development, XII convened a task force to define our position on this issue and make recommendations regarding a suggested response by […]

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Digital Signatures for Auditor Reports

A recently completed pilot program conducted by the Netherlands Institute of Chartered Accountants tested the use of digitally signed auditor’s reports.

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