The global financial crisis of 2007–2009 prompted calls for greater transparency in auditing processes, and since 2013, the auditors of UK-listed companies have been required to highlight key audit matters or KAMs. However, ...
Economics & Business
May 31, 2024
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1
In recent years, there has been a growing concern about the lack of diversity in workplaces, particularly in terms of ethnic and gender diversity. To address this, many companies have taken action by adjusting their recruiting ...
Social Sciences
Mar 23, 2024
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While many of us can name a handful of CEOs, identifying directors serving on the boards of those same organizations is probably more challenging. The work of directors, whether they hold volunteer or compensated positions, ...
Economics & Business
Feb 28, 2024
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1
In their auditing capacity, accounting firms, such as the "Big Four"—Deloitte, EY, KPMG and PWC—function as watchdogs for publicly traded companies. They're tasked with ensuring financial disclosures are accurate and ...
Economics & Business
Jan 11, 2024
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New research has revealed that firms with female directors on the board, regardless of how many, improves the quality of corporate sustainability disclosures than those with no board representation.
Social Sciences
Oct 23, 2023
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Researchers have long wondered if the IRS uses its audit powers equitably. And now we have learned that it does not.
Social Sciences
Feb 1, 2023
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An IRS audit can be a terminal event for a small business, especially if it's found to have underpaid its tax liability. Beyond the direct costs of paying owed taxes, audits impose operational costs that may threaten a company's ...
Economics & Business
Dec 15, 2022
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27
The role of the auditing profession is crucial for the proper functioning of capital and debt markets: one of the primary duties of auditors is to ensure the compliance of organizations' financial accounts to the law. And ...
Economics & Business
Dec 7, 2022
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The November collapse of cryptocurrency exchange FTX serves as a lesson of what happens when a corporation avoids internal audits of its own financial operations.
Economics & Business
Dec 6, 2022
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2
Whistleblowing is a cornerstone of corporate governance. It allows employees to anonymously disclose questionable financial matters about their companies to help prevent fraud, which is a pressing issue in Canada. It's also ...
Social Sciences
Oct 27, 2022
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