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Feature articles

Feature articles relating to audit.

A fresh look at an old process

Audit: An audit is an important component of business corporate governance, and can add real value to any organisation, says Cameron Bradley.

Knowledge bank - June 2007

Knowledge bank: a CPA Australia expert has the answer to why audits of listed entities must adhere to both auditing and ethical standards.

The fact of the matter

With 2006/07 annual financial reports the first to be audited under the new auditing standards, CPA Australia believes it is a good time for business to give thought to the impact of the new auditing standards.

What we've got here is ... failure to communicate

Audit: Representation letters for clients and their auditors are a continuing challenge for lawyers, writes Stewart Peters.

Auditors need business acumen

Legally enforcable standards will improve auditors' risk profile with brokers but adequate professional indemnity coverage is still essential. Auditor competency is also an issue, says Diana Elliott.

Not just a phase

Carmen Ridley discusses how the new auditing standards will change the planning phase of the audit.

Australian audit committees - Do they meet best practice guidelines?

Jim Psaros and Michael Seamer look at why most companies fall short of best-practice guidelines, and how Australian audit committees don't score highly on criteria of independence.

An empirical study on Queensland public sector entities

Subramaniam, Ng and Carey look at the outsourcing of internal audit services, and why it is largely adopted for non-financial reasons.

We have ways of making you talk

Caroline Hamilton looks at why new rights will mean shareholders can make auditors spill the beans at company AGMs.

Jurisdictional differences in contracting out GBE audits

Feature article examining audit costs for government business, with focus on whether contracting private-sector suppliers induces competitive pricing and hence lower-priced audits.

Public sector accounting - a common reporting framework?

Feature article responding to some criticisms concerning whether there is, or should be, a common reporting framework or public-sector and private-sector accounting.

Audit committee effectiveness and financial reporting quality

Feature article examines a survey which identified an oversight of financial reporting and the external audit process.

Research methods for examining independence issues

Feature article exploring the need for research in relation to the perceived general lack of independence among auditors.

The effect of client fee dependence on audit independence

Feature article examining the effect of independence of client fee dependence on audit firms.

Public interest arguments in privatising government audit

Feature article on the privatisation of the state audit office.

A survey of time budget pressure and reduced audit quality among Australian auditors

Feature article reporting on the results of a survey of Australian auditors’ perceptions of their time/budget pressure, as well as whether they had exhibited 'reduced audit quality' (RAQ) behaviours.

Auditing and assurance for a better finance landscape

Feature article reporting on the activities of accounting deities, the IAASB and AuASB.

Audit committees' remuneration: time for change

Feature article by Steven Mong on whether the remuneration schemes in place for committee members promote independence.