Month: January 2015

The International Auditing and Assurance Standards Board® (IAASB®) last week released proposals to enhance auditor reporting on special purpose financial statements. The Exposure Draft includes changes proposed to ISA 800, Special Considerations—Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks, and ISA 805, Special Considerations—Audits of Single Financial Statements and Specific Elements, Accounts …

COMMENT ON DRAFT PROPOSALS – CHANGES FOR REPORTING ON SPECIAL PURPOSE FINANCIAL STATEMENTS Read More »

The biggest challenges facing small- and medium-sized accounting practices (SMPs) worldwide are complying with regulations and standards and attracting new clients, according to the 2014 IFAC® Global SMP Survey. Conducted annually, the Global SMP Survey provides unique insights into the challenges and opportunities facing SMPs around the world. The key findings from the 2014 IFAC …

2105 – KEY CHALLENGES FACING SMPS GLOBALLY Read More »