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Accounting and Corporate Regulatory Authority
Press release

Global audit inspection survey finds recurring audit deficiencies in same areas

Audience

Accountants

Accounting entities

Businesses

News Topic

Accounting standards and sector regulation

16 March 2015

This article has been migrated from an earlier version of the site and may display formatting inconsistencies.

The latest global survey of audit inspections by the International Forum of Independent Audit Regulators (IFIAR) has found recurring and high levels of deficiencies in key areas of public company audits. In IFIAR’s third annual report of audit inspection findings, fair value measurements, internal control testing and revenue recognition were amongst the common and persistent deficiencies noted in vital aspects of public company audits.

Download the press release (PDF,470KB) for more information.

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