"The IIA is getting ready to put out new standards for internal auditors," said Richard Chambers, former president and CEO of the Institute of Internal Auditors and currently a senior internal audit ...

Countries and jurisdictions throughout the world mandate that entity financial statements be prepared using International Financial Reporting Standards, and that audits be conducted in accordance with ...

Just as Sarbanes-Oxley compliance reshaped corporate governance for public companies, QC 1000 is designed to ensure that ...

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 ...

The General Accounting Office is extending its Oct. 1 deadline for new federal auditing standards to go into effect to give agencies and auditors a chance to make the adjustments needed to comply with ...

Eight standards rolled out in 2006 by the Auditing Standards Board are sparking a cultural shift for auditors. The standards—Statement on Auditing Standards nos. 104–111—are designed to enhance ...

The audit regulations for small and medium enterprises, especially the firms that have very little or no exposure to the public investors, have less complex structures and where the ownership is less ...

In an effort to make the audit process more efficient and effective, the AICPA Assurance Services Executive Committee (ASEC) has developed voluntary audit data standards that would standardize the ...

WASHINGTON - The Federal Deposit Insurance Corp. is trying to calm industry fears that Sarbanes-Oxley Act standards will be imposed on nonpublic banks this year. Trade groups have said auditing firms ...

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 ...