The International Accounting and Assurance Standards Board has released a revised standard for identifying and assessing the risks of material misstatements. International Standard on Auditing (ISA) ...

Crypto-friendly digital bank Revolut is under pressure from U.K. regulators after an "unacceptably high" risk of "material misstatement" was highlighted in the auditing of its accounts, the Financial ...

Check out Taxmann's Audit of Financial Statements which is a comprehensive guide that assists auditors conducting financial statement audits, covering every step from auditor appointment to audit ...

(Editors’ note: All quoted material in this article comes from SAS No. 145, Understanding the Entity and Its Environment and Assessing the Risks of Material Misstatement, as codified in AU-C Section ...

LONDON (Reuters) - UBS said it is still reviewing potential misstatements in Credit Suisse's financial reports and talks with regulators to address the issue are ongoing. The bank said on Thursday in ...

Risk assessment is at the core of every audit. The goals of identifying, assessing, and responding to risks of material misstatement (“risks”) drive every audit procedure, from gaining an ...

“The auditors are being significantly more challenging now, because they’re getting beaten up by their regulators,” an individual familiar with Revolut's situation reportedly said. The United ...

The U.K. Financial Reporting Council (FRC) fined audit firm Mazars 72,000 pounds (U.S. $92,000) for “wide-ranging failings” in its audit of an unnamed market traded company. The FRC said in a press ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. GAM has been accused by the Swiss stock exchange of a “potentially material misstatement” in accounting ...

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