Podcast: Is data analytics fundamentally transforming the audit?

Leading authority on big data, data analytics and continuous auditing, Prof. Miklos Vasarhelyi, explains how data analytics is impacting the audit. Prof. Vasarhelyi spoke to CPA’s policy adviser on audit and assurance, Claire Grayston, about the challenges and great opportunities which data analytics presents, noting that uptake by auditors has been slowed by uncertainty around the response of regulators to changes in the type of evidence gathered. It is clear from this podcast that data analytics is central to the future of audit.

Download podcast

Commentary: Data analytics set to reinvigorate the audit

Visit INTHEBLACK.COM for more auditing and assurance news, commentary and industry insights.

Auditor Professional Scepticism: Impact of Trust and Distrust

Synthesis of Research Findings

The auditing profession is frequently called upon by regulators and standard setters to increase professional scepticism as a means of improving audit quality. A recent synthesis of research supported by CPA Australia explores how trust and distrust may be modified to enhance professional scepticism. This report supports the development of a better understanding of the drivers of professional scepticism to aid the profession in training auditors effectively.

Read summary (PDF)

Read full report

Commentary: How sceptical is sceptical enough for a quality audit?

Podcast: ASIC discuss their Audit Inspection Findings

Doug Niven, Senior Executive Leader, ASIC, discusses the ASIC audit inspection findings for 2014-15, covering reporting periods ending in the 18 months to 31 December 2014, with Claire Grayston, Audit and Assurance Policy Adviser, CPA Australia.

This podcast highlights the key lessons for auditors and the role of directors and audit committees in improving audit quality. It further outlines how Australian audits compare to those undertaken in other jurisdictions and ASIC’s areas of focus for the next inspection period. Access the Audit inspection program report for 2014-15 (PDF).

Download podcast

    Date Title Topic Type
    23/06/17  Statement from the Chairman of CPA Australia, Jim Dickson Business management Media release
    16/06/17 Statement from the Chairman of CPA Australia, Jim Dickson
    Business management Media release
    29/05/17 Accounting and the combating of modern slavery
    Reporting Commentary
    29/05/17  Monash Business Sentiment Survey 2016-17 (PDF)  Business  Resource
    26/05/17  NZ wins trans-Tasman budget competition again  Politics  Commentary
    25/05/17 CPA Australia responds to New Zealand Budget (PDF) Economics Media release
    16/05/17 Inquiry into establishing a Modern Slavery Act in Australia (PDF)
    Sustainability
    Submission
    05/05/17 Public sector network: News and developments February 2017 (PDF) Public sector Resource
    27/04/17 Riding the Waves of Disruption Business management Resource
    21/04/17 IAASB issues exposure draft on Auditing Accounting Estimates
    Audit and assurance Resource
    20/04/17 Reporting under GAAP - Companies take initiative to fill the gaps
    Reporting Commentary
    19/04/17 IAASB discussion paper on agreed-upon procedures engagements (PDF)
    Audit and assurance Submission
    18/04/17
    Tax crackdown fear to fill Budget black hole  Taxation
    Commentary
    12/04/17  NZ the lucky country when it comes to superannuation  Superannuation  Commentary
    12/04/17  TPB webinar recording: Tax (financial) advisers and the Code of Professional Conduct  Taxation  Commentary
    12/04/17  AASB issues discussion paper ITC 35 Disclosure Initiative – Principles of Disclosure  Reporting  Resource 
    12/04/17  AASB issues Exposure Draft 278 Improvements to AASB 8 Operating Segments   Reporting  Resource 
    05/04/17 Complimentary live chat on the 2017 small entities audit manual  Audit and assurance Commentary
    05/04/17 Financial advice guidance notes  Financial planning Resource
    05/04/17 2017 FBT checklist (DOC)  Taxation Resource
    05/04/17 Professional indemnity insurance comparison checklist (PDF)  Public practice Resource
    05/04/17 AASB meeting highlights 27 March 2017 (PDF)  Reporting Resource
    05/04/17 Proposed amendments to APES 110 Code of Ethics (PDF)  Ethics  Submission
    31/03/17 Competency framework for chief financial officers in public interest entities (Malaysia) (PDF) Accounting Submission
    29/03/17  Fair Work Ombudsman: HR issues for practice owners  Public practice  Commentary
    29/03/17  IFRS 16 Leases factsheet (PDF)  Reporting  Resource
    29/03/17  Revised Standard: APES 315 Compilation of Financial Information (PDF)  Ethics  Resource
    27/03/17 FSB Task Force on climate-related financial disclosures and the challenges for the accounting profession
    Reporting Commentary
    21/03/17 SEC regulators should adopt global financial reporting language for better business
    Reporting Commentary
    15/03/17
    CPA Australia comments on Treasury’s consultation on social impact investing (PDF)  Economics
    Submission
    15/03/17
    Protecting and managing intellectual property  Public practice
    Resource
    15/03/17
    The differences between employees and contractors  Public practice
    Resource
    15/03/17
    Tax and social security guide 2016-17 (PDF)  Financial planning
    Resource
    15/03/17
    Disaster recovery toolkit  Financial planning
    Resource
    10/03/17
    Bill English’s transition from CFO to CEO
    Politics
    Commentary
    08/03/17
    ACNC updated audit and review report templates  Audit and assurance
    Resource
    08/03/17
    Financial planning advice toolkit  Financial planning
    Resource
    08/03/17
    2017 FBT checklist now available  Taxation
    Resource
    07/03/17
    CPA Australia’s 2017-18 pre-Budget submission (PDF) Economics
    Submission
    06/03/17 LEARN Update March 2017 (PDF)
    Audit and assurance Resource
    01/03/17
    TPB webinar recording: Getting ready to renew your tax (financial) adviser registration  Taxation
    Resource
    01/03/17
    IT checklist for small business (PDF)  Technology
    Resource
    01/03/17
    Complimentary professional indemnity insurance for community work  Public practice
    Resource
    01/03/17
    AASB issues AASB Interpretation 22 Foreign Currency (PDF)  Reporting 
    Resource
    01/03/17
    AUASB issues revised standard on compliance engagements  Audit and assurance
    Resource
    01/03/17
    Review of tax and corporate whistleblower protections in Australia (PDF)  Ethics
    Submission
    24/02/17 Ethics must remain core to the profession
    Ethics Commentary
    22/02/17
    CPA Australia applauds Hong Kong Budget (PDF)
    Economics
    Media release
    22/02/17
    Avoiding the traps for new leaders  Leadership
    Commentary
    22/02/17
    New professional standards regime for financial advisers  Financial planning
    Resource
    22/02/17
    Run-off cover under your professional indemnity insurance policy  Public practice
    Resource
    22/02/17
    Task Force recommendations on climate-related financial disclosures (PDF)  Sustainability
    Submission
    22/02/17
    Assurance challenges for emerging forms of external reporting (PDF)  Audit and assurance
    Submission
    22/02/17
    Use of data analytics in the audit (PDF)  Audit and assurance
    Submission
    22/02/17 Public sector network: News and developments December 2016 (PDF) Public sector Resource
    08/02/17
    Regulation of tax (financial) advisers
    Public practice
    Resource
    08/02/17
    CPA Australia's public accounting insurance offer
    Public practice
    Resource
    08/02/17
    Outsourced services checklist
    Public practice
    Resource
    10/02/17 Both sides needs to come clean on this great pivot back to coal
    Politics Commentary
    08/02/17 Without the TPP, Australia should forge trade ties with Mexico
    Trade Commentary
    07/02/17 A model for regulation under Australia’s anti-money laundering and counter-terrorism financing regime (PDF)
    Public practice Submission
    07/02/17 Tax commissioner's lesson for public servants in handling unethical instructions
    Ethics Commentary
    01/02/17
    Increased shareholder power not without consequence for government  Governance
    Commentary
    01/02/17 Accounting function forms and workpapers  Public practice
    Resource
    01/02/17
    Updated auditor report templates for charities  Audit and assurance
    Resource
    01/02/17
    IESBA exposure draft: Improving the Structure of the Code of Ethics for Professional Accountants – Phase 2 (PDF)  Ethics
    Resource
    01/02/17
    IESBA exposure draft: Proposed Revisions Pertaining to Safeguards in the Code – Phase 2  Ethics
    Resource
    01/02/17
    IESBA exposure draft: Proposed Revisions to Clarify the Applicability of Provisions in Part C to Public Practitioners (PDF)  Ethics
    Resource
    01/02/17
    AUASB exposure draft on auditor reporting issues (PDF)  Audit and assurance
    Submission
    25/01/17
    Guidance for RCA applicants: Logbook transition for new RG 180 (PDF)  Audit and assurance
    Resource
    25/01/17
    Regulation of SMSF advice
    Financial planning
    Resource
    25/01/17
    Practice growth strategies (PDF)
    Public practice
    Resource
    25/01/17
    Public practice pathways (PDF)
    Public practice
    Resource
    18/01/17
    Roadmap to practice growth and succession  Public practice
    Resource
    18/01/17
    Webinar recording: Tax practitioner obligations with offshoring and outsourcing  Taxation
    Commentary
    18/01/17
    Updated tax, social security and superannuation guides  Financial planning
    Resource
    18/01/17
    IAASB auditor reporting FAQs
    Audit and assurance
    Resource
    17/01/17
    Are you distrusting enough to be a great auditor?
    Audit and assurance
    Resource
    16/01/17 Banks’ retreat from Asia a worrying example Economics
    Commentary
    10/01/17 Data analytics set to reinvigorate the audit
    Audit and assurance Commentary
    09/01/17
    Better retirement protection in Hong Kong begins with the end of MPF offsetting Economics
    Commentary
    06/01/17 China already a renewable energy superpower Sustainability Commentary
    06/01/17 The year ahead: TPP is dead; long live global trade Politics Commentary
    06/01/17 Trans-Pacific Partnership: Australia cannot afford to be trumped on trade
    Politics Commentary
    No results matched your search. Reset the filter and try again.
    Audit and assurance
    Audit and assurance