Tony Dalessio has been named managing partner of accounting firm KPMG's Long Island office. Dalessio takes on responsibility for the strategic direction and growth of the office, located in Melville. An accounting professional for three decades, Dalessio began his career with KPMG before spending a decade with the American Institute of Certified Public Accountants. While there, he served as the deputy director general of the International Federation of Accountants, the group responsible for setting international standards on auditing and guidance.
INTOSAI members have always committed themselves to a process of sharing knowledge and experience to ensure the strength and growth of public sector external auditing globally. Nowhere else is this commitment more evident than when the INTOSAI community meets once every three years during an INCOSAI event to discuss matters of mutual benefit, report on activities of the past three years and look forward to opportunities that lie ahead. XX INCOSAI, held in Johannesburg, South Africa in 2010, represents one of these key moments in the history of INTOSAI. The INTOSAI community re-affirms that it exists to improve the lives of citizens. The INTOSAI strategies, mechanisms and resources are geared towards fulfilling this ambition. These accords aim to summarize the key themes and topics delib...
... Declaration on the International Standards of Supreme Audit Institutions (ISSAIs). The accord...
In an interview, Claes Norgren, auditor general of Sweden, and Arnold Schilder, chair of the International Auditing and Assurance Standards Board (IAASB), talked about the lessons they learned from their cooperation in today's globalized world in developing international financial auditing standards. According to Norgren, in the past, auditing in the public and private sectors belonged to two different worlds, but now these separate worlds have met in this unique way on a global basis. Of course, many organizations cooperate in different ways to develop standards -- the International Monetary Fund, the Financial Stability Board, and the World Bank, to mention a few. Schilder added that their arrangement with INTOSAI underscores the importance of high quality public sector audits. For th...
... many debates and perplexities in the auditing profession because its determination calls for a s... last decade, various prestigious international organizations have demonstrated a strong concern w...) has adopted the "Statement on Auditing Standards (SAS) no. 107 which replaces SAS no. 47 and refers...
The Institute of Internal Auditors' Statement on Internal Auditing Standards 18, the American Institute of Certified Public Accountants' Statement on Auditing Standards 73, and the International Standard on Auditing 620, provide guidance on a firm's use of outside auditors. Although the three documents share key similarities that make it easier for internal auditors to coordinate with external auditors, they also possess significant differences that internal auditors must be aware of to better determine whether they can legally utilize the work of an external consultant. While being aware of the need to honor professional standards, an organization, through the guidance of its internal auditor, may be able to use only one consultant to serve the purposes of internal audits, as well as i...
Donald T. Nicolaisen was appointed the SEC's chief accountant in August 2003. He oversees the SEC's accounting policy initiatives and leads its efforts with national and international standards setters on critical accounting and auditing issues, and ensures that auditors adhere to the highest business and ethical standards. The dominant items on his agenda as new chief accountant include helping investors be better informed and restoring investor confidence through reforms that improve the financial reporting process. Nicolaisen thinks that it would be a very good thing for associations that represent financial officers to consider following FASB standards in financial reporting in their codes of ethics, and he would not anticipate different standards for CPAs and non-CPAs. He also say...
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