Do you have a robust, reliable and credible internal audit department? Is the function still into the traditional, “police-type”, compliance-based audit? Or has it adopted a risk-based approach? As ...

Risk-based audit needs a reset to enterprise risk and value auditing. When I became a chief audit executive (CAE) for the first time in 1990, I determined a risk-based approach was inadequate. A ...

ENVIRONMENTAL, social and governance (ESG) issues are becoming increasingly relevant for all organizations today. Companies understand that embracing ESG enhances their ability to secure limited ...

KPMG is to overhaul its approach to audit reports, going beyond the FRC’s minimum regulatory requirements for long form audit reports. The Big Four auditor said it has ‘invited’ its listed client ...

The tax director of a Canadian multinational shares his experiences of the Canada Revenue Agency’s (CRA) new risk-based approach to audits and offers some advice to other taxpayers going through the ...

An audit is an inspection of a company's accounting records, usually done by an independent certified public accountant. Audits are performed in an effort to determine whether a business is ...

Auditing is not restricted to financial institutions and quality systems. Any organization or process can be audited to determine adherence to processes and procedures. An audit of staffing procedures ...

This Mayoral Decision (MD) form seeks approval to end the 2019-2024 audit approach one year early, so it can be replaced, over time, with a single approach to audit and conducting compliance checks on ...