Search Results for: Audi
Audits of Special Purpose Frameworks: Obtaining Substantive Evidence from Engagement Letters
April 3rd, 2014
For some auditors, obtaining engagement letters has become a routine procedure. Copying the letter format from purchased practice aids, making slight modifications to the content and mailing the letter for signature by an entity’s president or board chairman has ...
Parliament brings the audit reform to its final stages
April 3rd, 2014
ACCA (the Association of Chartered Certified Accountants) welcomes the endorsement of the audit package by the European Parliament. Sue Almond, external affairs director at ACCA, says: ‘ACCA congratulates the effort to increase audit quality and re-establish investor confidence in ...
Obligations arising under the Auditors and Statutory Audits
March 28th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority would like to inform that the obligations arising under the Auditors and Statutory Audits of Annual and Consolidated Accounts Law of 2009, Law.42(I)/2009 (the ‘Law’), as amended, for ...
Deloitte’s Balfour Beatty audit tenure to be tested
March 27th, 2014
DELOITTE’S tenure as auditor of Balfour Beatty is under risk, as the FTSE 250 builder will begin a tender process next year. In the builder’s annual report, released today, it has outlined its decision to begin the audit tender ...
RSA introduces 25% non-audit fee cap
March 26th, 2014
THE AUDITORS of embattled insurer RSA will have a cap put on the amount of non-audit fees they can earn, limited to 25% of the total audit fee. KPMG, which was brought in to replace Deloitte as RSA auditors, ...
Social Media Risk Is a Concern for Internal Auditors
March 24th, 2014
A top priority for chief audit executives (CAEs) and internal auditors this year is preventing risks – such as hits to the bottom line and a loss of productivity – that could result from social media use within their ...
JPMorgan, HSBC Said Planning to Bid for $4 Billion Saudi IPO
March 20th, 2014
JPMorgan Chase & Co. and HSBC Holdings Plc (HSBA) are among banks planning to compete for a role in the largest Saudi Arabian share sale in at least 12 years, according to five people with knowledge of the matter. ...
ASIC information sheet on audit quality
March 17th, 2014
ASIC has released information to help directors and audit committees develop robust standards as part of its commitment to improve audit quality. Information Sheet 196 Audit quality: The role of directors and audit committees (INFO 196) explains: why audit ...
Increase in online education in the EU in 2023
January 26th, 2024
In 2023, 30% of EU internet users aged 16 to 74 reported that they had done an online course or used online learning material in the three months prior to the survey. This is a 2 percentage point (pp) ...
