Countries and jurisdictions throughout the world mandate that entity financial statements be prepared using International Financial Reporting Standards, and that audits be conducted in accordance with ...

The Institute of Internal Auditors released for public comment Wednesday a draft of the proposed changes it wants to make to its International Professional Practices Framework, especially its ...

Despite a very uncertain economic climate, investors can at least feel confident that audited financial reports are more ...

LONDON (Reuters) - EY is introducing a dedicated UK head of auditing in a move that falls short of calls from lawmakers for top accounting firms to run auditing as a standalone business to improve ...

Over the past few years, much attention has been paid to the issue of global harmonization of generally accepted accounting principles while, at the same time, a much quieter revolution has been ...

Five high-level strategic initiatives serve as the backbone of the AICPA Auditing Standards Board’s (ASB’s) proposed 2026–2030 strategic plan. The initiatives help the ASB serve its mission, which is: ...

Plans to advance the Audit Reform Bill have officially been scrapped, with the announcement dealing a massive blow to those hoping to see improvements.

A single set of international auditing standards that apply to audits for all organizations -- not just large listed companies -- is an essential component of the world’s financial architecture. These ...

The UK government has faced criticism from a number of investor and corporate governance groups for its decision to scrap ...

Scrapping the bill is the wrong decision, according to Caroline Escott, chair of the pension fund-backed Governance for ...

Ole-Kristian Hope is the Deloitte Professor of Accounting at the University of Toronto's Rotman School of Management. He teaches Commerce, MBA, and PhD courses in accounting. He has broad research ...