To print this article, all you need is to be registered or login on Mondaq.com.
Our focus on audit quality - our emphasis on objectivity,
independence and professional scepticism - will remain key.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
In my last article, I discussed how the IASB aims to significantly improve financial statement disclosures and to provide the preparers with clearer guidance on applying the requirements set out in accounting standards.
With new major standards (IFRSs 9, 15, and 16) coming thick and fast, it might be easy to forget about other, newly effective requirements—notably IAS 7 Statement of Cash Flows.
As part of our continuous growth and development, we are currently looking to reinforce our Trust Company, at our headquarters in Limassol, with a highly motivated Chief Accountant.
The purpose of communicating key audit matters is to enhance the communicative value of the auditor's audit report by providing greater transparency about the audit that was performed.
