- Share |
Elements of SSQC 1 – Leadership Responsibilities for Quality within the Firm
The leadership of a public accounting firm is one of the most important drivers to raise the quality of the firm’s work. The key to achieving quality in every engagement of the firm is premised upon a strong commitment to quality control by the firm’s leadership. In view of the paramount importance of the leadership, [...]
Profit and Loss – Highlights of Technical Clinic
Since year 2008, common deficiencies relating to profit and loss components, for accounting firms that audit the non-public interest entities (non-PIE), were frequently highlighted in the practice monitoring programme. Mona Low, Managing Partner of Low, Yap & Associates, facilitated a lively discussion among fellow practitioners in a technical clinic on Profit and Loss. Please click [...]
The Benefit of Audit – Guide to Audit Quality
To date, there has been little guidance available of which we are aware to help businesses understand the quality of the audit service being provided to them. This lack of information has compounded the concept of the ‘audit expectation gap,’ which we have seen emerge in the business and investor communities. As such, the Institute [...]