by Steven Watson | Dec 2, 2020 | Business Services, Client Management, Featured Articles, Financial Services
For many years, directors of most for-profit private entities have enjoyed the liberty of determining the type of financial statements they will prepare for an entity. The discretion to prepare an often much less detailed set of Special Purpose Financial Statements...
by Steven Watson | Oct 20, 2020 | Client Management, Featured Articles, Financial Services
Auditing is evolving rapidly through the effect of technological and legislative changes in recent years as well as the environmental and economic impact of COVID-19 in 2020. These changes demand renewed focus on the future of auditing as a truly independent...
by Steven Watson | Sep 3, 2019 | Financial Services
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 and contribute to the effective allocation of capital for economic...
by Steven Watson | Jun 3, 2019 | Featured Articles, Financial Services
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 competition amongst the Top 4 firms. With smaller firms providing audit...
by Steven Watson | Mar 10, 2019 | Financial Services
When accepting a new audit engagement, you may encounter the following risks: you’ll make a mistake; key issues will be overlooked; the client will question the value of the service; or the service will be unprofitable. This is particularly important in a competitive...
