Audit & Beyond - July/August 2019
In this issue Julia Penny explains how a 'right first time' culture can improve audit efficiency and quality. Peter Upton shares his perspective on changes affecting audit. Simon Kettlewell provides tips on avoiding common audit weaknesses. Do search engines shrink or expand the expectation gap? The IAASB explains how it is working to enable new forms of EER. Young professionals give feedback on AuditFutures' first 'Time to think Forum' and John Selwood answers roadshow questions.
Teaming up to improve audit efficiency and quality
Julia Penny explains, adopting a right-first-time culture, with everyone committing to getting everything right the first time round, could make being efficient and doing good quality audit at the same time possible.
The long view on small firm changes
The faculty talks to Peter Upton about sole practitioner perspectives on past and future changes affecting audit.
How to avoid common weaknesses in a audit
Finesse your audit planning with Simon Kettlewell's tips on how to avoid common weaknesses.
Looking for audit on Google
Do search engines shrink or expand the audit expectation gap? Sandra Higgins googles audit and considers the results.
The new normal for extended external reporting
Trust in new forms of external reporting is essential to meet stakeholder needs. IAASB is working to enable this, says Marek Grabowski.
Exploring audit with AuditFutures
There are several questions floating around about audit. What is audit’s purpose? How should we understand the role of audit? AuditFutures is a forum for young professionals to explore these questions, and what they want the profession to be about.
John Selwood's audit clinic
John takes some interesting questions from delegates on the spring Audit & Assurance Faculty roadshows. Topics include dealing with litigious firms and how the audit industry can avoid criticism in the current environment.