by Doug Niven | Aug 7, 2014 | Features
ASIC’s audit firm inspections show a need to improve audit quality. In our view, auditors did not obtain reasonable assurance that the overall financial report was free of material misstatement in 18 per cent of key audit areas that we reviewed across audit engagement...
by Doug Niven | Jul 26, 2013 | Features, Technical Advice
ASIC consent is required under legislation for the resignation of public company auditors and the resignation and removal of scheme auditors or Australian Financial Services (AFS) licensee auditors. It is also required for the resignation or replacement of auditors of...
by Doug Niven | Jun 1, 2013 | Features
While the financial report itself is an invaluable source of information for company shareholder and scheme unit holders in providing historical financial performance and position, it contains limited analysis and information on the business strategy, risks, prospects...
by Doug Niven | Mar 30, 2013 | Features
the sufficiency and appropriateness of audit evidence obtained by auditors the level of professional scepticism exercised by auditors the extent of reliance that can be placed on the work of other auditors and experts.[/fastfacts_content][/fastfacts] ...
by Doug Niven | Feb 1, 2013 | Features
1. Revenue recognition Revenue should be recognised in accordance with the substance of underlying transactions, including: that services have been performed that control of goods has passed to the buyer where a sale of goods and the provision of related...
