SAS No. 150, External Confirmations, published Monday following an AICPA Auditing Standards Board vote in May, is designed to ...

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 ...

The Institute of Internal Auditors released for public comment Wednesday a draft of the proposed changes it wants to make to its International Professional Practices Framework, especially its ...

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 ...

The American Institute of CPAs’ Auditing Standards Board has issued a new auditing standard on internal control and an interpretation related to the sustainability financial statements used by the ...

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 ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. In an era defined by rapid changes and complex challenges ...

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 ...

The revised standards will be effective from 15 December 2026.

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 ...

The National Financial Reporting Authority (NFRA) has recommended a host of auditing standards for the limited liability partnerships (LLPs) on Monday that will make them more accountable and increase ...