News & Articles
Category: Ideas
Ideas
AI and the Auditing Profession
In November I attended a Technology Quality Management Roundtable in Auckland co-hosted by the IAASB and XRB. In this article I cover some of the key points
Ideas
What's wrong with AI?
Yes, we’re a tech company and all tech companies are getting excited about AI right? Why would we not be excited? In this article I look at some of the
Ideas
Depreciation as an estimate
Reading the accounting standards, depreciation is clearly regarded as an estimate. Yet in many of our audit files this is ignored. Why?
Ideas
Document Management Tools and Audit Assistant
Many firms using Audit Assistant also have specific document management systems for their wider document management and cloud storage requirements. Users have
Ideas
Materiality for Not-For-Profits – what is the best approach?
Many audit firms have their own internal policies and methodologies for setting materiality. However many of our smaller firms struggle with a consistent
Ideas
Walk-through tests – are they necessary?
So we have a typical small not for profit: poor division of duties, no real controls apart from two signatories for payments, a review of financial results at
Ideas
Tier 3 charities with revalued assets – help!
So, you are preparing financial statements for a Tier 3 charity – or auditing them – and the board have come up with the bright idea that they will use a
Ideas
Common pitfalls in Tier 3 audit files
In assisting a range of Audit firms with their Quality Control I get to see quite a few files for review, mostly Tier 3 charities. There are a number of