AUDITING PRACTICE guidelines have received a makeover, shortly before the House of Lords issues its proclamation on the role of auditors in the banking crisis.
The Auditing Practices Board has revised the rules governing the audit of banks and building societies, focusing on accounting estimates and impairment provisions.
Extra guidance on bilateral meetings between auditors and the FSA has been offered by the APB. Chairman Richard Fleck said the time is “opportune” to polish up the guidance on areas “that were identified as being of particular interest in the credit crisis”.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day