Check out Taxmann's Audit of Financial Statements which is a comprehensive guide that assists auditors conducting financial statement audits, covering every step from auditor appointment to audit ...

Risk assessment is at the core of every audit. The goals of identifying, assessing, and responding to risks of material misstatement (“risks”) drive every audit procedure, from gaining an ...

From identifying and assessing the risk of material misstatement due to fraud to designing and performing audit procedures responsive to those risks, addressing the risk of fraud is challenging.

The NFRA has released its second Audit Practice Toolkit to assist small and medium practitioners in assessing risks of material misstatement in revenue.

The U.K. Financial Reporting Council (FRC) fined audit firm Mazars 72,000 pounds (U.S. $92,000) for “wide-ranging failings” in its audit of an unnamed market traded company. The FRC said in a press ...

“The auditors are being significantly more challenging now, because they’re getting beaten up by their regulators,” an individual familiar with Revolut's situation reportedly said. The United ...

Crypto-friendly digital bank Revolut is under pressure from U.K. regulators after an "unacceptably high" risk of "material misstatement" was highlighted in the auditing of its accounts, the Financial ...