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

External audits are often seen by many businesses as a mandatory legislative requirement rather than a value-added service. However, leading audit firms recognise the audit

The rise of artificial intelligence (AI) has become a topic of discussion in various fields, including professional practice. Among the professions which are expected to

ASIC has published the first round of data received from financial services and credit licensees under the reportable situations regime. ASIC Commissioner Sean Hughes noted

What’s Changing and When? In March 2021, the Australian Audit Standards Board (AUASB) released three (3) revised Quality Management Standards: These standards have been revised