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Assurance of Credible Information in Sustaining Financial World Through External Audit

Financial world is built on trust. Not just financial world, but the whole economic activities or transactions are built on it. Participation in financial services requires trust within the supplier and the consumer. Yet, in transactions, decisions…
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The Importance of Professional Scepticism for Auditor

According to ICAEW, professional scepticism is an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of audit evidence. Based on ISA…
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BANKING ON CHANGES: How to Respond to New Expectations for Audit Committees

Regulators are expecting more from bank audit committees when it comes to oversight and guidance. As the expectations and roles of the audit committee continue to change, there are three things they should evaluate:   The Audit…
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Blockchain Technology: A game-changer in auditing?

Among the many disruptive technology trends impacting the way we do business, blockchain is one lesser known within the accounting community. However, given its potential impact, blockchain is certainly not a trend that accountants can afford…
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10 Things Auditors Should Know About Cyber Security

LEVERAGE EXISTING FRAMEWORKS/GUIDELINES Auditors should consider mapping of the NIST “Framework for Improving Critical Infrastructure Cybersecurity” to ISO27001:2013 controls and COBIT 5 to reduce the scope of the audit, hence, making…
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How Artificial Intelligence Can Boost Audit Quality

The auditing profession must also innovate and evolve alongside the clients. Using artificial intelligence to evolve the audit process by making it smarter, more insightful, and more efficient is just one of the ways the audit profession is…
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Project Blue 2.0: 8 Core Issues

1.   REBUILDING TRUST From confrontation to common purpose Financial system and goverment has 5 (five) goals to unify financial institution’s purpose: Financial stability and conduct Economic development Social progress …
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PROJECT BLUE 2.0

The Project Blue 2.0 framework features updated analysis examining the future of financial services. The original Project Blue, launched in 2012, used a framework of megatrends that enabled discussions with PwC clients on the future of their…
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Project blue: Framework

ADAPT Global Instability Regulatory Change Regulatory change will be a way of life for the foreseeable future. It’s vital to look beyond compliance to understand how these developments will affect your costs, product design and…