In the world of accounting, there are many things that must be considered in order to have a high-quality, successful audit. One would think that the only thing one needs to worry about is whether or not they’ve done their job well and everything else falls into place. But in reality, it is so much […]
Diversity Reporting is a relatively new trend in the financial world. It’s becoming more and more popular, with many companies around the world starting to include it as part of their regular reporting process. There are several different ways that organizations can go about diversity reporting, but they all have one purpose: to measure the
Audit quality is a significant factor in ensuring that companies and investors alike can rely upon the accuracy of financial statements. The audit process should be seen as an opportunity to examine company processes and identify areas for improvement, but if auditors do not perform their work with integrity it could lead to misinterpretation of
Performance Audits are a process of evaluating how well an organization meets its original goals. They are designed to highlight strengths and weaknesses in an organization’s performance, as well as identify opportunities for improvement. The audit may be conducted by a third party or by people within the organization way, it is an important step
Sustainability assurance is a certification that ensures the sustainable production of products and services, in terms of improving living conditions, social responsibilities and environmental performance. It is a third party verification of sustainability efforts, including reports on sustainability or ESG audits. There are many companies out there which provide Sustainability Assurance services to help other
The Big Four is a term used to refer to the four largest professional service networks in the world: PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young, and KPMG. The Big Four play an important role in shaping international standards of auditing and financial reporting for Environmental, Social, and Governance factors. With the world looking for
The number of stock markets in the world has increased drastically over the years. With this increase, more people are investing directly in these exchanges which is creating a global financial system. With Environmental, Social, and Governance factors being an integral part of sustainability for the global economy, there is more scrutiny on the world’s
KPMG is one of the world’s leading professional services companies and one of the “Big Four” accounting firms. Founded in 1881, KPMG has grown from a small Dutch enterprise to an international organization with more than 227,000 professionals operating out of 700 offices in over 153 countries. KPMG provides audit, tax, and advisory services for
Charlottesville, VA: The CFA Institute is a global association of investment professionals. It offers one of the most rigorous examinations in finance called the Chartered Financial Analyst (CFA) exam which is used as a benchmark for investing professionals globally. The exam consists of three levels that are taken sequentially over two years and admission to
Audit committees are responsible for evaluating the effectiveness of policies and procedures designed to ensure management’s representation of your company’s financial condition is true and accurate. Auditing is a critical step in any type of ethical, social audit, performance audit, or ESG assessment that demands an objective conclusion. Policies include oversight responsibility for the integrity