(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Audit and Assurance, Information Technology

IT as a key audit matter

By Karlien Dempsey and Ben Marx Information technology is an integral component of most organisations’ business operations, with individuals and societies placing ever-increased reliance thereon. IT brings with it significant benefits but also significant risks which impact directly on how entities conduct business . The rapid evolution of the IT landscape, coupled with the Fourth… Read More IT as a key audit matter

(c) Institute of Chartered Accountants of Scotland. Contact ICAS for permission to reproduce this article., Internal Auditing

Following up internal audit findings

By Alan Simpson CA Part of the role of the internal audit function is to follow up on the agreed management action plan based on the audit recommendations, and the completion timescale for implementing them. This article looks at the purpose and importance of the role of that follow-up process. Why follow up? An important… Read More Following up internal audit findings

(c) Institute of Chartered Accountants of Scotland. Contact ICAS for permission to reproduce this article., Audit and Assurance

Audit quality is paramount

By Bruce Cartwright Who do you trust? The 2019 Edelman trust barometer reveals that while trust in government, business, media and NGOs has declined over the last 20 years, people are placing more trust in their professional relationships. The headline takeaway of the global survey, however, is the growing trust divide. According to Edelman “the world is… Read More Audit quality is paramount

(c) Institute of Chartered Accountants of Scotland. Contact ICAS for permission to reproduce this article., Audit and Assurance

CAs can help save the world

By Bruce Cartwright CA While my recent blogs have discussed the importance of the debate that’s currently engulfing UK audit, this rather fades into insignificance when we consider what’s happening to our planet. According to the IPCC we only have 12 years to restrict global warming to a 1.5° Celsius rise else we will significantly… Read More CAs can help save the world

(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Audit and Assurance

Time for change

The winds of change are blowing across the world of audit once again. A Plus looks at how the international development of standards and regulations is strengthening the profession. It seems like not a month goes by without the audit profession hitting the headlines, whether its news of financial irregularities missed by auditors, or companies… Read More Time for change

(c) Institute of Chartered Accountants of Scotland. Contact ICAS for permission to reproduce this article., Audit and Assurance

UK audit debate: the world is watching

By Bruce Cartwright CA Public trust was the overarching theme at this year’s World Congress of Accountants (WCOA). In fact, one of the keynotes was “The death of trust: accounting scandals that shocked the world” – sufficient to make the profession sit up and listen. It was clear from conversations taking place both on and off the… Read More UK audit debate: the world is watching