The more key audit matters disclosed in an audit report, the higher the financial distress level of a company, according to a new study. The study, which appears in the current issue of the British ...

Recent changes to international standards for audit reports have improved the quality of information that’s available to investors, and had a positive impact on wider elements of financial reporting, ...

After decades of stagnation, the auditor’s report is changing. Previously, during the audit of financial statements, only a company’s auditor and Board were privy to important matters. But now, some ...

The new International Standard of Auditing (ISA 701), pertaining to communicating key audit matters (KAMs) in the auditor’s report, to be effective for audits of financial statements for the period ...