compliance Archives - Leaf Quality Systems (Pty) Ltd

ISQM 1
Gallery
LEAF Audit Quality

ISQM 1

LEAF Quality Systems (Pty) Ltd2021-09-19T17:16:47+02:00

Newsletter March 2021 - ISQM 1 Since the new quality management standards were issued in December 2020, they have been the topic of several communications on social media and other platforms. The main questions on everyone’s mind are: ‘What are the changes?’ ‘What do we need to do?’ and, ‘By when should it be done?’ This article attempts to address these burning questions to set your mind at ease. Changes introduced by ISQM 1 The current International Standard on Quality Control (ISQC) 1, which addresses firms’ systems of quality control, is replaced by the International [...]

ISQM 1LEAF Quality Systems (Pty) Ltd2021-09-19T17:16:47+02:00

Auditing of Compliance with Financial Reporting Frameworks – The Presentation Assertion
Gallery
LEAF Audit Quality, LEAF Financial Reporting, LEAF Global, LEAF Technical, LEAF Training, Uncategorized

Auditing of Compliance with Financial Reporting Frameworks – The Presentation Assertion

LEAF Quality Systems (Pty) Ltd2021-02-22T13:59:41+02:00

Auditing of Compliance with Financial Reporting Frameworks – the Presentation Assertion Audit regulators are reporting that financial statement disclosure deficiencies have increased substantially over the past few years. It is crucial for auditors to realise that they need to have a sound understanding of the financial reporting framework applied by the entity and perform thorough audit procedures to determine whether the financial reporting framework has been correctly applied. This does not merely require the completion of a disclosure checklist, but also the verification of recognition and measurement, in terms of the financial reporting framework and reporting responsibilities placed [...]

Auditing of Compliance with Financial Reporting Frameworks – The Presentation AssertionLEAF Quality Systems (Pty) Ltd2021-02-22T13:59:41+02:00