The Audit Expectation Gap Revalued

February 8, 2018

Clean up the gap between Client and Auditor The Audit Expectation Gap is often defined as the misunderstanding between the client and the auditor, but it’s actually about value. Commonly auditors are engaged to provide an independent opinion on a set of financial statements, however many clients have expectations well beyond the standard audit report […]

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‘Large’ companies – ASIC is watching

June 20, 2017

In the past two months, The Australian Securities & Investments Commission (ASIC) has been proactively contacting companies that qualify as ‘large’ under the requirements of the Corporations Act 2001. The purpose of ASIC’s correspondence is often to request audited financial statements from the relevant company in accordance with Part 2M of the Corporations Act requiring large […]

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