US accounting regulator says audit quality improved after crackdown
The regulator found flaws in 39 per cent of audits it inspected last year, down from 46 per cent in 2023. Among the Big Four firms, which audit four out of five US-listed companies, 20 per cent of ...
Devdiscourse3d
Audit Quality Concerns Raised by NFRA Against Major Audit Firms
The National Financial Reporting Authority (NFRA) has identified audit quality issues in three firms—SRBC & Co LLP, Deloitte ...
Tax Guru14d
Joint Audit as a Tool to Enhance Audit Quality
1. Improved Audit Quality: By involving two or more audit firms, joint audits leverage the diverse expertise and perspectives of different auditors. This collaborative approach can lead to a more ...
US Auditors Boost Quality Scores After Covid-era Spike in Flaws
Accounting firms have started reversing a pandemic-era trend of mounting audit violations, with the largest firms leading the ...
Mirage News6d
Internal Audit Spotlights Public Sector Warning Signs
The Committee on Standards in Public Life (CSPL) has published a report highlighting how public sector bodies fail to grasp the significance of ...
Rediff Money2d
NFRA Flags Lapses in Audit Quality of 3 Firms
The National Financial Reporting Authority (NFRA) has flagged lapses in audit quality of three audit firms: SRBC & Co LLP, ...