UK FRC takes the reins on audit
The UK’s Financial Reporting Council (FRC) is on course to significantly strengthen its oversight of audit.
Items tagged with "Audit"
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Monitoring Group highlights value of high-quality audit and need to fund independent standards
The Monitoring Group (MG) has published a paper drawing attention to the importance of high-quality audits to investors, issuers, national standard-setters, regulators and others.
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China carbon frauds highlight need for audit
Interesting news has recently emerged of fraudulent carbon emissions reports in China, with the Ministry of Ecology and Environment calling out four companies for doctoring or drawing misleading conclusions from carbon data.
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Advice on third-country ESEF assurance
Are you an auditor for a company based outside Europe, but dual listed in the EU? Read on!
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SEC top accountant discusses materiality in reporting errors
Paul Munter, Acting Chief Accountant at the US Securities and Exchange Commission (SEC), has published commentary on restatements and when errors should be considered material.
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Italy introduces ESEF audit requirement
As our regular readers will know, the Inline XBRL-based European Single Electronic Format (ESEF) is now required for financial reporting across the EU.
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IFAC releases vision for assurance of sustainability reporting
The International Federation of Accountants (IFAC) has published its vision for high-quality assurance of sustainability information.
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Revised guidelines for ESEF audit
The Committee of European Auditing Oversight Bodies (CEAOB) has published revised guidelines on auditors’ involvement on financial statements in European Single Electronic Format (ESEF).
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EU launches broad consultation on corporate reporting
The European Commission has opened a consultation on ‘Strengthening the quality of corporate reporting and enforcement.’ Taking a holistic perspective, it aims to address shortcomings in the underlying reporting ecosystem.
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New IFAC platform offers online standards access
The International Federation of Accountants (IFAC) has unveiled an online platform – dubbed eIS, short for e-International Standards – providing direct, electronic access to certain international accountancy and audit standards and related materials.
