auditing

auditing

Sarbanes-Oxley Compliance Survey Shows Companies’ Need for More Scrutiny on High-Risk Processes

16-May-13

Key trends include growing reliance on internal audit functions and automation of controls.

MNCs Facing Increasingly Aggressive Approach to Costly Tax Audits

30-Apr-13

Dealing with increasing numbers of tax audits and proving substance puts a strain on any tax department.

Hong Kong Accountant Penalised for Deficiencies in Audit Work

02-Apr-13

A Disciplinary Committee of the Hong Kong Institute of Certified Public Accountants has ordered Lo Wai On to pay to the Institute a penalty of HK$25,000 for his failure to observe a professional standard issued by the Institute.

IAASB Further Strengthens Standard on Using Work of Internal Auditors

20-Mar-13

Standard now includes guidance to external auditors when determining whether they can use direct assistance from internal auditors.

Audit Opinions Have a Major Impact in Influencing Investment Decisions, Says Study

13-Sep-12

Audits and audit opinions are highly valued and have a major impact in influencing investment decisions, according to a new PwC global survey of investment professionals.

Enhancing the Value of Audit -- Board Directors' Perspective

10-Aug-12

The directors now view auditors as more than just financial professionals and would like to draw on their knowledge and skills if faced with future complexities of new businesses.

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Internal Audit Functions Have Room for Improvement, Finds Report

25-Jul-12

An Ernst & Young report reveals that 80% of organisations acknowledge that their internal audit function has room for improvement.

Hong Kong Audit Crime Bill Excludes Junior Accountants From Criminal Liability

16-Jul-12

The Hong Kong Institute of CPAs welcomed the clear support of legislators for excluding junior accountants from liability for criminal offence under clause 399 of the Companies Bill

Internal Audit Function Needs Greater Support, Says Report

12-Jul-12

Audit committee chairs and executive management alike need to understand and address the increasing scope and strain on internal audit.

Hong Kong's Political Parties Back Audit Crime Bill

05-Jul-12

A proposed law that would make Hong Kong's auditors face criminal sanctions for poor audit work, such as knowingly or recklessly omitting a required statement from an audit report, is likely to be approved by the Legislative Council after gaining support from the city's two largest political parties.

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