The CA Institute has said that its newly-issued audit firm quality management standards do not fall within the definition of “auditing standards”. These two standards —SQM 1 and SQM 2 — issued on ...

The evolving, risk-based approach to audit firm quality management is consistent with a trend that has become well established in the accounting profession. Over the past 15 years or so, leaders of ...

Editor’s note: This article is the first in a series to help practitioners learn about the AICPA’s new quality management standards and prepare to implement them. In June 2022, the AICPA’s Auditing ...

SEC chairman Paul Atkins at AICPA Conference on Current SEC and PCAOB Developments The Securities and Exchange Commission is planning to encourage greater cooperation between U.S. and international ...

Demetrios Logothetis outlined his plans for revamping the PCAOB's audit firm inspection program and its new quality control ...

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 ...

Quality auditing is the examination of an organization's quality control systems. The independent auditor examines how well a company ensures the quality of its products and services, and makes a ...

Ole-Kristian Hope is the Deloitte Professor of Accounting at the University of Toronto's Rotman School of Management. He teaches Commerce, MBA, and PhD courses in accounting. He has broad research ...

The Solicitor General of India has affirmed the rights of the National Financial Reporting Authority (NFRA) to issue Standards on Quality Management (SQMs) for auditing. The ICAI Act, 1949, does not ...

Bangladesh is witnessing a growing debate over who should be legally authorised to conduct audits. As someone qualified as both a chartered accountant (CA) and a cost and management accountant (CMA) ...

The Ajman Department of Tourism, Culture and Media has achieved another significant institutional milestone, as its Internal Audit Office announced the successful completion of the Quality Assessment ...

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 ...