Technical Highlights
AUDITING AND ASSURANCE ISCA Invites Comments On IAASB’s Exposure Draft: Proposed ISA 240 (Revised) The Auditor’s Responsibilities Relating To Fraud In An Audit Of Financial Statements,And Proposed Conforming And Consequential Amendments To Other ISAs These proposed revisions significantly strengthen IAASB’s standard on auditors’ responsibilities related to fraud by defining the expectations in relation to fraud, […]
Growing Importance Of “S” In ESG
TAKEAWAYS The permeation and importance of ESG (environmental, social, governance factors) in businesses has never been as significant as it is today. However, the “social” element is often overshadowed by the “environment” element, given global paradigms and narratives around climate change. This is about to change as, since the COVID-19 crisis, neglected social factors are […]
Impact Of ESG Reporting On The Accountancy Profession
On January 30, ISCA, the Chongqing Institute of Certified Public Accountants (CQICPA), and the Institute of Chartered Accountants in England and Wales (ICAEW China & SEA) conducted the “Impact Of ESG Reporting On The Accountancy Profession” webinar, marking the first joint initiative following the tripartite Memorandum of Understanding signed last March. Ms Qing Dai from […]
5 Ways To Increase Your Market Value
TAKEAWAYS As companies grapple with talent shortage in Japan, the power dynamic has shifted from corporations to the workforce. The dominant factor for the declining working population in Japan is due to the lowest birthrate in over 100 years and an ever-aging population, leading to a war for talent. According to the Statistics Bureau of […]
Technical Highlights
AUDITING AND ASSURANCE IAASB Issues International Standard On Auditing For Audits Of Financial Statements Of Less Complex Entities (ISA For LCE) Built on the foundation of the International Standards on Auditing (ISAs), the ISA for LCE is a standalone global auditing standard designed specifically for smaller and less complex businesses. ISCA will be seeking feedback […]
