by Antigoni Hadjiargyrou | Jun 23, 2023 | Audit, IFRS
In this article we touch upon amendments to IAS 1, IAS 8 and IAS 12 which are applicable for annual periods beginning on or after 1 January 2023 (with early application permitted) and aim to improve the consistency and transparency of financial reporting. ...
by Stelios Spiliotis | Apr 19, 2022 | Audit
1. Introduction and effective date On 7th April 2022, IAASB released International Standard 600 (Revised), Special considerations- Audit of Group financial statements (including using the work of component auditors, effective for audits of group financial statements...
by Stelios Spiliotis | Feb 4, 2022 | Audit
Introduction In September 2020, the International Standards on Quality Management approved the ISQM 1, ISQM 2 and the International Standard on Auditing (ISA 220 Revised). The new standards are a response to a series of high-profile audit failures,...
by Stelios Spiliotis | Jan 14, 2022 | Audit, Information Technology
Introduction Digital is a way of life! Almost everything that we do involves some form of interaction with technology. Organisations are heavily investing in digital transformation and changing their business models to become more customer and data centric....
by Stelios Spiliotis | Nov 19, 2021 | Audit
Agreed-Upon Procedures (AUP) engagements provide a great opportunity for small- and medium-sized practices (SMPs) to grow and provide a valued service to their clients. International Standard on Related Services 4400 (Revised), Agreed Upon Procedures Engagements (ISRS...
