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Posted on May 8th, 2012
The International Auditing and Assurance Standards Board (IAASB) has released its 2011 Annual Report, Foundations for the Future. The annual report highlights the IAASB’s work in the public interest to strengthen audits globally and build robust standards for audit, assurance and related services, and its commitment to enhance the communicative value and [...] Posted on May 6th, 2012
The Financial Reporting Council has begun consultation on proposed revisions to the UK Corporate Governance Code and International Standards on Auditing (UK and Ireland) to give effect to its Effective Company Stewardship proposals. The UK Corporate Governance Code, which celebrates its twentieth anniversary this year, sets out good practice for UK listed companies [...] Posted on April 23rd, 2012
This International Standard on Auditing (ISA) deals with the auditor’s responsibility to identify and assess the risks of material misstatement in the financial statements, through understanding the entity and its environment, including the entity’s internal control. This ISA is effective for audits of financial statements for periods ending on or after December 15, [...] Posted on April 23rd, 2012
Many chief audit executives (CAEs) are exploring strategies for enhancing their organizational value, yet opportunities remain to better align planned audit coverage with risks deemed important by key stakeholders, according to The IIA’s semi-annual Pulse of the Profession report, an assessment of the state of the internal audit profession in North America. Significant [...] Posted on April 18th, 2012
Collaboration between the disciplines of internal audit and risk management can lead to stronger, more efficient decision-making and enhance an organization’s overall risk management capability and value, according to this new executive report jointly released by RIMS (Risk and Insurance Management Society, Inc.) and The Institute of Internal Auditors (The IIA). The [...] 22 pages
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