In an audit environment that is evolving through technology and the impact of external reviews, COVID-19 has created another layer of challenge and complexity that is having a profound...
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Latest News on Audit Enquiry – 8 Key Recommendations
On 1 August 2019 the Senate referred an inquiry into the regulation of auditing in Australia to the Parliamentary Joint Committee on Corporations and Financial Services for report by...
Preparing clients for external audits – Keys to success
Establishing ground rules for client engagement is essential for effective management of audit and assurance projects. There’s no question that technology is allowing audit firms to take control of...
Audits and Independence – Where to from here?
In Part 1 of this series on auditors and independence, I outlined some of the challenges facing the audit industry with a number of reviews underway both in...
Overcoming Conflict of Interest Concerns with Audits
Audit firms provide an essential service to capital markets. By building a basis for trust and confidence in financial reporting, auditors help firms manage financial risk, reduce financing costs...
How Can You Balance Audit Quality and Financial Outcomes?
Audit quality concerns continue to attract headlines around the world despite the ongoing efforts of international review bodies to address issues relating to conflict of interest and lack of...
7 steps to effectively manage the scope and price of audit services
Audit and assurance services are increasingly under price pressure as audit firms compete for business. It can be a challenge not only to get clients across the line with...
Technology and the Future of Audits
The emergence of new audit technology has had an enormous impact on the audit profession. Machine-learning based tools can rapidly analyse hundreds of documents and identify key areas of...
It’s time that Registered Auditors considered their future
“We used to joke that auditors were drowning in documents,” Panos Kakoullis, Deloitte Global Audit & Assurance Business Leader recently said. “Thanks to new tools and resources, auditors are...
The Value of Internal Audits
It’s quite evident that clients often don’t see real value in audit services. They’re often regarded as a necessary cost without much real value. Auditors often struggle to communicate...
National Audits Group – LG Procurement
National Audits Group is proud to announce we have been successful in being appointed to the Local Government Procurement Panel as...
Grow your practice with the right technology plan
I was recently asked to provide commentary for a publication of Chartered Accountants Australia and New Zealand about the skills auditors will need to navigate the future. The ability...
