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 ...

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 has released a revised International Standard on Auditing that encourages auditors to thoroughly read through a company’s annual report when ...

Despite a very uncertain economic climate, investors can at least feel confident that audited financial reports are more reliable, thanks to the spread of international standards. A study led by a ...

A conversation with the ASB. ver the past several years the Sarbanes-Oxley Act and other events have dramatically affected the setting of auditing standards and the focus of the audit process. While ...

The revised standards will be effective from 15 December 2026.

What are Generally Accepted Auditing Standards (GAAS)? A set of standards and principles that ensures a company's audit conforms to set quality standards and meets the audit's objectives. The ...

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 ...

Accountants from major accounting firms will be unable to serve on External Reporting Australia -- the revamped body that ...

Audit standards for private companies are less stringent than those for publicly listed firms because they face fewer disclosure requirements. For example, small privately owned businesses don't fall ...

Crypto auditors and accounting standard setters have long way to go in order to catch up to AI/crypto innovators ...

At a roundtable meeting, CA Sri Lanka president Tishan Subasinghe described the revised standard as a “timely development”.