Auditors under pressure as ISAs start to bite: The new International Standards on Auditing mean more work for auditors and higher fees for clients, our survey shows

Article Abstract:

A spotlight survey on International Standards on Auditing (ISA) was undertaken February 2006, which elected 150 responses from accountants in practice. The main findings of the survey were that auditors would take over 40% longer to carry out an audit, two-thirds of them faced an increase in workload, and almost 75% of their clients would be forced to pay more for their audits.

Management dynamics, Practice, Surveys, Accounting, Auditors, Accounting law

---

Impact on small audits

Article Abstract:

The way in which the Auditing Practices Board (APB) finalized the Ethical Standards in relation to small audits is explained. The APB continues to consider that there is a wider issue than simply determining the application of Ethical Standards to small audits through a program of research and consultation.

Auditing Practices Board

---

The expectations gap - part 2

Article Abstract:

A survey found that shareholders desire to establish an independent body to oversee and discipline listed companies operating under audit regulations. The authors propose the establishment of a Listed Companies Audit Board with three responsibilities, independence, quality and discipline.

Laws, regulations and rules, Stock-exchange, Securities listing, Independent regulatory commissions

Similar abstracts:

• Abstracts: Reforms start to take hold. Operational risk takes center stage for Treasury. ASPs adapt to a changing market
• Abstracts: Yield curves and international equity returns. Art structured products 'fairly' priced? An analysis of the German market for equity-linked instruments
• Abstracts: Cultural relativity and accounting for sustainability: a research note. Islam and accounting
• Abstracts: The organizational structure of the North American fresh tomato market: implications for seasonal trade disputes
• Abstracts: Old price or new? Peaks - and valleys: standard-setters in the "G4+1" are considering which components of financial performance should be presented in the income statement

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.