There were 1,321 key audit matters reported across a sample of 560 audit reports from Brazil, Cyprus, Kenya, Nigeria, Oman, Romania, South Africa, the UAE and Zimbabwe analyzed by the ACCA. The most ...

Meanwhile, a sample of public company auditors’ reports reviewed for the JofA showed that in reporting on critical audit matters, practitioners are providing detailed discussion of the audit ...

Audit engagement partners reported that, on average, audit engagement teams spend 1% to 2% of total audit hours on CAM-related activities. On average, non-U.S. auditors at the six biggest global ...

An audit and an accounting process share differences and similarities, ... Auditors sample this information to inspect for quality control, ... the reports can lead to problems with resource ...

Those actions will resolve the accounting issues, Jurcevich said. "We do believe they are appropriate, adequate and if carried out would in fact resolve the audit findings," Jurcevich said.

The U.S. accounting watchdog has found an "absolutely unacceptable" level of serious deficiencies in public company audits it inspected in 2022, chair Erica Williams said in a statement on Tuesday.