Welcome to the News Room
What’s News
The Curious Case of the Missing Going-concern Assessment
What’s News? I will limit this discussion to the audit of companies, but the principles make governance sense for any entity. In general, management’s assessment of the health of their business is [...]
The Brain Drain of Audit Quality
What’s News? The Brain Drain of Audit Quality For decades, audit quality, in general, has failed to prevent audit failures. Upgraded audit standards, and stricter independence requirements have been implemented in an [...]
Root Cause Analysis – The Root of Many Evils
What’s News? Root Cause Analysis – The Root of Many Evils With the advent of ISQM1, ISQM2, and the revised ISA 220, the term, ‘root cause analysis’, has surfaced as a requirement [...]
Audit Issues & Trends
Fee-related Disclosures
Fee-related disclosures Audit regulators frequently identify audit documentation deficiencies when it comes to fee-related disclosures required by the IESBA Code for audits of public interest entities. Auditors often fail to document their considerations, [...]
Key Audit Issues and Trends in Fraud Risk Discussions
Fraud Risk Discussions ISA 240 requires auditors to perform specific procedures as part of the normal risk assessment procedures during audit planning to obtain information relevant to identifying risks of material misstatement, due [...]
Key Audit Issues and Emerging Trends in Financial Reporting Compliance
Verification of compliance with the financial reporting framework Auditors frequently make use of disclosure checklists to verify compliance with the requirements of the relevant financial reporting framework. When making use of such checklists, [...]
Latest Updates
Newsletters
Companies Amendment Act Changes Now Effective: Key Remuneration and Governance Implications
Companies Amendment Act Changes Now Effective: Key Remuneration and [...]
Navigating the Path to Audit Excellence: An Overview of the IRBA 2025 Public Inspections Report
Every year, the IRBA issues its Public Inspections Report [...]
Photographic Evidence
When an auditor obtains photographic evidence to support audit [...]
Changes in the SAICA Training Regulations
SAICA recently issued their 2026 SAICA Training Regulations, effective [...]
Recap of 2025
As we come to the close of 2025, it’s [...]
Upcoming Training
Contact us or send us a message
Get more information about LEAF Audit Quality.