Accounting and auditing standards for going concern achieved greater harmony Wednesday when the AICPA Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 132, The Auditor’s ...

Multiple requirements in Government Auditing Standards would change under revisions proposed by the U.S. Government Accountability Office (GAO). Auditors of governmental entities and auditors ...

The window for “wait and see” is closing. Companies must have a clear AI adoption road map for finance and audit in 2026.

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 ...

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 International Auditing and Assurance Standards Board approved a new and revised set of quality management standards Wednesday for auditors to use around the world, starting at the end of 2022, and ...

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The International Auditing and Assurance Standards Board, which sets international auditing standards used in more than 130 countries and jurisdictions, has been trying to become more closely aligned ...

On December 11, 2013, the public comment period will close on two new auditing standards proposed by the Public Company Accounting Oversight Board (PCAOB) to improve the informational value of the ...

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 ...