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 ...

In June 2022, the AICPA’s Auditing Standards Board (ASB) and Accounting and Review Services Committee (ARSC) issued interrelated final standards on quality management intended to clarify and improve ...

As The Institute of Internal Auditors (IIA) developed the new Global Internal Audit Standards™ that became effective Jan. 9, the standard-setting process reflected a recognition that there are ...

The American Institute of CPAs’ Auditing Standards Board and Accounting and Review Services Committee have collectively released four new quality management standards designed to improve a CPA firm's ...

The updated Institute of Internal Auditors’ global standards came into effect in January 2025, and prudent organizations have revised their internal audit activities to align with the enhanced ...

The International Auditing and Assurance Standards Board is planning to make some minor adjustments in its quality management and global audit standards to align them more closely with international ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. The ASB sets auditing standards for non ...

The International Auditing and Assurance Standards Board has released the 2023-2024 edition of its "Handbook of International Quality Management, Auditing, Review, Other Assurance and Related Services ...

Generally Accepted Accounting Principles and Governmental Auditing Standards differ and cover different aspects of the financial reporting process. GAAP defines how businesses, both public and private ...

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 ...

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 ...