International


The International Federation of Accountants’ international auditing and assurance standards board releases International Auditing Practice Statement 1014, Reporting by Auditors on Compliance with International Financial Reporting Standards, and issues two exposure drafts on assurance engagements and audits of small businesses ( www.ifac.org ). One includes a proposed International Framework for Assurance Engagements and a proposed International Standard on Assurance Engagements 2000, Assurance Engagements on Subject Matters Other Than Historical Financial Information. The other, The Special Considerations in the Audit of Small Entities, Proposed Amendment to International Auditing Practice Statement 1005, presents guidance on distinctive aspects of auditing small organizations’ financial statements. Comments are due June 30.

SPONSORED REPORT

Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

Test yourself on these often confused words

The spelling checker on your word processing program can do only so much to flag problems. Your best insurance is to learn the troublesome words that trip up writers and use them correctly by the standards of formal, written English.