The foundation of good decision making is having the right information, especially financial information. There is a global transition underway, where governments are moving from a cash to an accrual basis for their financial reporting. This report offers lessons learned from jurisdictions that have implemented accruals, with the intention that this global transition to accruals creates real value and is more than a compliance exercise.
Understanding the cost of audit is crucial to the ongoing global discussions about audit quality. The purpose of this analysis is to quantify audit fees as a percentage of corporate revenue in various North American and European jurisdiction from 2013 to 2018. This report breaks down audit fee data by population, jurisdiction, company size, market and industry, drawing from data provided by research firm Audit Analytics.
IFAC member organizations are instrumental in adoption and implementation, creating a common language for high-quality financial information worldwide.
Developed in partnership with Chartered Accountants Australia and New Zealand (CA ANZ) and the Association of Chartered Certified Accountants (ACCA), this report looks at the evidence surrounding the multidisciplinary model and its relationship with audit quality. It draws from leading academic literature, policy and expert views, and an in-depth study of how regulators worldwide manage risk.
From Bolt-on to Built-in – Managing Risk as an Integral Part of Managing an Organization
To view this and other Romanian translations by the Corpul Expertilor Contabili si Contabililor Autorizati din Romania (CECCAR), please visit CECCAR’s dedicated publication library
