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 ...

An audit report is an appraisal of a small business's complete financial status. Completed by an independent accounting professional, this document covers a company's assets and liabilities, and ...

Some important themes are emerging in auditors’ reporting of critical audit matters, which are the key component of the biggest change to public company auditor reporting in 70 years. Goodwill and ...

The PCAOB found that audit committee chairs are increasingly turning to their auditors to understand AI's impacts on a ...

An auditor's opinion on the financial statements is expressed in the form of an auditor's report. In the best case, the auditor finds that the financial statements are in accordance with generally ...

The debate about responsible financial reporting has not been sidelined by the COVID-19 pandemic. In fact, the future of audit—and how it should adapt to changing stakeholder demands—has only grown in ...

Three accounting groups—two in the United States and one abroad—plan to study what the market believes an auditor’s report should say, as a preliminary step in potentially revising how the report ...

A report by the Office of the Auditor General has indicated a significant improvement in the management of national resources, with at least 97 per cent of audited entities recording clean audits on ...