Rocky J. Dwyer, PhD, FCPA, CPA, FCMA, CMA Independence is considered by many to be of paramount importance to the effectiveness of the audit function and increasingly, the public, media critics and regulatory agencies have questioned if auditors are sufficiently independent of their clients in fact and appearance. While the private and public sectors acknowledge the importance of auditor
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Reporting revolution! Significant changes to the auditor’s report are getting closer. The AASB plans international standards for auditor reporting in 2017. The Auditing and Assurance Standards Board (AASB)’s recent developments are bringing closer the reality of significant changes to the auditor’s report (form and content). Eric Turner, CPA, CA (Director, Auditing and Assurance Standards, CPA Canada) goes on to say
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AASB Decision Summary The Auditing and Assurance Standards Board (AASB) summary of decisions has been prepared for information purposes only. These decisions are tentative and reflect only the current status of discussions on projects and other matters. These might change after further deliberations by the AASB. Note: Decisions are final only after a formal voting process. These are a couple
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