Getting to grips with audit quality
The accounting regulator is calling on firms to improve their audit quality control procedures. But how do stakeholders know if a quality audit has been delivered?
Top firms must explain materiality judgments better
The FRC worries that differences in the way audit firms assess materiality can lead to different audit conclusions
Extended auditor report
Clarity and transparency upgrades for auditors' reports
SEC approves landmark changes to auditor reporting
The Commission approves the proposed changes to auditor's reports
BDO Spain fined over porn company audits
Firm repeatedly failed to exercise professional care and scepticism over audits of US porn company
Weighing up changes to IAASB standards
As the IAASB considers whether changes are required to international standards for agreed-upon procedures, how does this affect accountants undertaking such engagements?
Watching the watchdog
Caroline Biebuyck examines whether audit's system of self regulation is really working
FRC wants more scope after HBoS investigation
The watchdog admitted it should have acted faster in its KPMG probe over HBoS audits
Member firms of four of Big Five fined
US audit watchdog cracks down on dilatory filing by non-US firms
Enhancing audit communications
Auditors need to provide more information about the audit process, the FRC says
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