ASIC’s 2025 Crackdown on Audit Quality and Independence Issues ASIC (Australian Securities and Investments Commission) is stepping up its game in 2025 with a targeted
Auditing the Auditor: Managing Client Expectations Over the past four years as an auditor in public practice, I have developed a deep appreciation for the
Ready for New Australian Sustainability Reporting Standards (ASRS)? Mandatory reporting of climate-related activities for Australian companies will kick off from next year. The Australian Sustainability
Preparing for Your First Financial Statement Audit Undertaking your first financial statement audit will be a rewarding process for your organisation. With the right auditor
Let’s dive into internal and external auditing. If you’re running a business or are part of a business leadership team, you’ve likely encountered internal and
Are Audit Firms Ready for the AI Revolution? The advent of artificial intelligence (AI) and data analytics is revolutionising various industries, and external auditing is
In the labyrinth of financial reporting and corporate governance, auditor independence stands as a beacon of trust and integrity. However, recent controversies around independence have
Mastering workflow management stands as the cornerstone of success for audit firms. Beyond mere scheduling of work, it serves as a catalyst for client satisfaction
The co-mingling of audit and non-audit services, especially within prominent accounting firms like the “Big Four,” has stirred the pot of debate globally and in
Audit practices, like many other businesses, thrive on forging robust relationships with clients. A recent review of client relationships identified the following key challenges: Undefined
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