THE ASB ISSUED AN EXPOSURE DRAFT designed to expand audit procedures to address material financial statement fraud. Comments on the proposed changes are due by May 31, 2002. THE ED EMPHASIZES ...

From identifying and assessing the risk of material misstatement due to fraud to designing and performing audit procedures responsive to those risks, addressing the risk of fraud is challenging.

In this article, accounting firm Deloitte observes that boards and managements often experience “denial” when the topic of fraud risk arises—no one wants to feel that the trust they place in their own ...

PwC’s 2023 global internal audit study has highlighted the need for companies to rethink their strategy to make them commercially viable in 10 years. This is due to increasing trends in abuse. The ...

The Financial Supervisory Service said on the 26th that it held its first roundtable with internal audit bodies—such as audit committees and auditors—at nine listed companies. The roundtable, held at ...

Unethical or questionable accounting practices. Falsification of reports or records. Theft, waste or abuse of University assets. Internal control concerns. Other accounting and/or auditing issues. The ...

Co-operatives and MSMES Cabinet Secretary Wycliffe Oparanya during KUSCCO's 10th Sacco Leaders’ Convention at PrideInn hotel in Mombasa, on February 18, 2025. [Kelvin Karani, Standard] If you are a ...