Entries by Darren Caple

ISA 540 (Revised) Implementation: Illustrative Examples for Auditing Simple and Complex Accounting Estimates

May 29, 2020 in /by

The International Standard on Auditing (ISA) 540 (Revised) Implementation Working Group has prepared illustrative examples for auditing simple and complex accounting estimates. The following illustrative examples are designed to illustrate how an auditor could address certain requirements of ISA 540 (Revised), and have been developed to assist the auditor in understanding how ISA 540 (Revised)…

Non-Authoritative Support Material: Audit Documentation When Using Automated Tools and Techniques

May 29, 2020 in /by

The Technology Working Group (TWG) of the International Auditing and Assurance Standards Board (IAASB) published non-authoritative support material related to the auditor’s documentation when using automated tools and techniques (ATT), such as data analytics, robotics automation processes or artificial intelligence applications.  The publication assists auditors in understanding how the use of ATT during an audit…

Watch and Learn! IESBA Technology Initiative Webinar

May 29, 2020 in /by

Watch the April 20 webinar to hear about IESBA’s initiative on exploring the ethics implications arising from the transformative effects of technological trends and developments on the accounting, assurance, and finance functions.  The presenter, IESBA Technology Task Force Chair, Brian Friedrich, outlined the background to the initiative and explained the key findings and recommendations in the IESBA’s Technology…

Approaches to Beneficial Ownership Transparency: The Global Framework and Views from the Accountancy Profession

May 26, 2020 in /by

As a result of the COVID-19 pandemic and the unprecedented sums of relief money moving across the global economy, the threat of financial crimes and malfeasance continues to grow. In this context, CPA Canada and IFAC publish this report exploring a key facet of uncovering and fighting illegal activities: beneficial ownership transparency. The fight against…

Small Business Continuity Checklist

May 11, 2020 in /by

Small businesses have been disproportionately affected by the COVID-19 pandemic. Most organizations worldwide are small in size, and the importance of small businesses to the global economy is indisputable. The Small Business Continuity Checklist will help small businesses navigate today’s crisis and plan for tomorrow’s “new normal”.