Year: 2015
Root cause analysis can improve audits, regulators say
Root cause analysis of audit issues has the potential to bring about significant improvements in audit quality, audit regulators said while presenting results of a global survey of audit inspection findings.3 ways to improve the quality of management information
Just 40% of companies consider the management information provided by their finance function to be insightful, according to a Deloitte finance benchmarking survey. The report highlights three areas where action is needed if finance teams are to more effectively support decision-making.UK auditors finding innovative ways to increase audit report transparency, says FRC
Auditors of UK companies are finding innovative ways to improve the transparency of their audit reports, and many are going beyond the requirements published in June 2013, according to an FRC study of 153 extended auditor’s reports.
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