Browsing Tag
Audit
14 posts
Sustainable Audit Practice (Part 2): Strategies for Sustaining a Practice
In Part 1 of the article on Sustainable Audit Practice, the emphasis is on the impact of the potential increase in audit exemption threshold on practitioners, the importance of charging appropriate fees in sustaining audit practices…
Sustainable Audit Practice (Part 1): Navigating the Potential Increase in Audit Exemption Thresholds and Charging the Right Fees
The potential increase in audit exemption thresholds has sparked a debate within the auditing community, leading to two schools of thought regarding its impact on audit fees.
Less Complex Entities (LCE) Standard: A Panacea for A Cost-Effective Audit?
The long-awaited, separate, standalone, proposed International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (ISA for LCE) which is based on the core requirements of the International Standards on Auditing (ISAs)…
Use of Artificial Intelligence (AI) on Accounting Transactions to Enhance Audit Quality
Rachel Grimes, former International Federation of Accountants (IFAC) President said that “technology will go on helping to burnish (enhance) the profession’s credentials as a trusted adviser.” She called for the profession to continue adopting and implementing emerging technologies or otherwise being left stranded on the sidelines.
