The corporate governance ecosystem is an intricate balance of multiple participants who work towards generating long-term value for the organisation. Read More

SSQC 1 strengthens a firm's foundation for a sustainable future; find out how it can help your firm. Read More

Achieving the objective of an audit requires the collaboration of all parties, including ready and unrestricted access to all relevant information and personnel. Read More

In Part 1 of this two-part series, published in IS Chartered Accountant, May 2015 issue, we emphasised that planning is imperative to the effective conduct of an audit engagement and issuance of appropriate audit opinion. It is a critical, if not the most critical, process of the entire audit cycle.... Read More

Rachel was a young and self-motivated audit assistant who joined a 15-headcount small and medium-sized practice (SMP) three months ago. She completed two audit engagements under the guidance of an audit senior, which gave her a great sense of accomplishment. In that three-month period, Rachel had... Read More

Over the years, investors’ expectations of trusted financial information in promoting investment and economic growth have been rising, and audit quality becomes essential in meeting these expectations. To achieve a high quality audit, auditors ought to get the planning of an audit right, especially... Read More

On 18 February 2014, the International Auditing and Assurance Standards Board (IAASB) released its new publication, A Framework for Audit Quality: Key Elements that Create an Environment for Audit Quality (the Framework). Through the Framework, the IAASB aims to raise awareness of the key elements... Read More

The exercise of professional skepticism is fundamental to the successful performance of auditors, audit firms, and the audit profession as a whole in discharging their responsibilities to capital markets and to society at large. The auditors’ opinion is intended to instill confidence in the fairness... Read More