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Do you find keeping up with changes to audit standards in the audit space challenging, confusing, time consuming or all three? Knowing when standards are getting updated and what you might need to do to prepare your practice and change your workflow can be crucial for a successful audit practice.

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Our CaseWare content expert, Carmen Ridley (www.afrs.com.au) has provided a detailed side-by-side Financials RDR vs SDS comparison of accounts and highlight changes that are required. In this lengthy document, Carmen reviews both Reduced Disclosure Regime [RDR] financial statements vs a Simplified Disclosure Standard [SDS]) statements for a Not For…

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Our CaseWare content expert, Carmen Ridley (www.afrs.com.au) has provided a detailed side-by-side Financials RDR vs SDS comparison. In this lengthy document, Carmen reviews both Reduced Disclosure Regime [RDR] financial statements vs a Simplified Disclosure Standard [SDS]) statements for a large corporate organisation. Update (Oct 2021)…

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What is more important: Interpretations or Standards? What takes precedence? Our CaseWare Financials content expert, Carmen Ridley explains. Entities who are required to comply with Accounting Standards are often unsure about whether this means they are also required to comply with Accounting Interpretations. AASB…

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Let’s examine some of the recommended requirements for the Audit Planning & Risk Assessment external audit phase. “The importance of robust pre-engagement acceptance procedures is clear. An auditor who takes on an engagement that they are either ill-equipped to perform, or are prohibited from performing under relevant…

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