In a major new study released by KPMG International, which tracks insights on the coming three years, chief executives of global businesses said they are confident about the ability of their companies to grow over the next three years.
Growth. Volatility. Disruption. Uncertainty. When it comes to doing business, CEOs globally are being challenged to navigate the path to success within an environment of constant change.
Accounting Considerations for Independent Power Producers and their Investors.
The CIPC issued a non-binding opinion on which provided relief for private companies who are required to have an audit in terms of the Companies Act and Regulations was withdrawn on 12 March 2015 with immediate effect.
For some time, there have been calls from users for the auditor’s report to provide more than a pass/fail opinion.
18 August 2014: The need for a full and frank assessment of the future role of the audit profession was highlighted at a recent roundtable discussion in South Africa.
This New on the Horizon provides detailed analysis on the IASB's recent discussion paper on accounting for dynamic risk management activities.
As the severity of the global financial crisis was exposed to the world, questions shifted from the troubled institutions themselves to the auditors that provided assurance over their financial statements.
The purpose of an audit is to add credibility to an organization’s financial statements and as a result, enhance investor confidence and provide a sound basis for decision-making.
April 2014 saw the European Parliament approve the legislation to reform the audit market including spreading the new UK ‘long-form’ audit reporting across Europe.
Financial statements no longer give insight into companies’ changing fortunes. So auditors must evolve themselves in order to remain relevant as a profession.
Larry Bradley, KPMG’s Global Head of Audit, explains the KPMG perspective on the value of audit, and the steps we are taking to ensure that audit remains relevant for the changing needs of all markets.
The audit profession must evolve and change to remain relevant in today’s rapidly changing global economic environment.
How does audit add value to the capital markets? While this has always been an issue for companies and their auditors, the financial crisis has brought the question into the full glare of the global public spotlight.
Q2 2014 issue of our quarterly banking newsletter in which we provide updates on IFRS developments that directly impact banks and consider the potential accounting implications of regulatory requirements.