Auditing Viewpoints

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The Complex World of International Auditing Regulation

A global world needs global auditing standards, as set by the International Auditing and Assurance Standards Board (IAASB), subject to oversight by international regulators.
What is the Range of the Internal Auditor's Work?

Dating back at least to the pharaohs, internal auditing became a profession in 1947 and is still evolving to incorporate a more sophisticated understanding of business risk.
How Internal Auditing Can Help With a Company's Fraud Issues

Fraud risk increases in a downturn but, whatever the economy, companies need strong internal controls to prevent, detect, and deter fraud. The internal auditor is on the front line.
The Key Components of an Audit Report

This article outlines the key components of an audit report.
Understanding Internal Audits

This article provides guidelines for identifying internal audit resource requirements.

QFINANCE Refresher

Viewpoints

QFINANCE viewpoints provide you with the distilled thoughts of finance leaders and experts, outlining their current thinking on the crucial issues and challenges facing finance managers, entrepreneurs and business executives. The contributions are drawn from an array of practitioners and thinkers from the world of finance and business.

Auditing in Volatile Markets
by James Roberts
James Roberts is a senior audit partner at BDO LLP. After training with Binder Hamlyn he became a partner there in 1986 and in Arthur Andersen when it acquired the firm. His audit clients have always included a mix of public and private clients across a broad range of sectors and he has been responsible for the accounting work on over 20 IPOs. At BDO, James is responsible for the firm’s Gatwick office and is public policy spokesperson on audit...
Challenges Faced by the Audit Profession After the Crash
by James Chadwick
James Chadwick qualified as a chartered accountant in 2003 and is a member of the Institute of Chartered Accountants of Scotland. In 2004 he joined Grant Thornton, where he has performed a number of different roles and undertaken a six-month secondment into industry. In January 2011 he became associate director and head of Grant Thornton’s audit practice for the Scottish region. Chadwick has a wide and varied client base that includes some of...
The Audit Committee and Corporate Governance
by Richard Wilson
Richard Wilson is a senior audit partner with Ernst & Young. He qualified as a chartered accountant in 1976 and became a partner in the firm in 1985. He has worked predominately with large listed companies in sectors such as oil and gas, media, and transportation. He was global head of Ernst & Young’s energy and utilities practice from 1998 to 2003. He became a member of the Institute of Chartered Accountants in England and Wales (ICAEW) audit...