Auditing


The AICPA’s Auditing Standards Board issued Proposed Statement on Auditing Standards, Subsequent Events and Subsequently Discovered Facts. The proposal would supersede AU sections 530, Dating of the Independent Auditor’s Report, 560, Subsequent Events, 561, Subsequent Discovery of Facts Existing at the Date of the Auditor’s Report, and paragraphs .71–.73 of AU section 508, Reports on Audited Financial Statements. The exposure draft is available at tinyurl.com/cs9yg5.

 

The proposed SAS represents the redrafting of the superseded SASs to apply the ASB’s clarity drafting conventions and to converge with International Standard on Auditing (ISA) 560, Subsequent Events. Comments are due July 15.

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

8 sentences to help you master subject-verb agreement

When professionals prepare written material for readers inside their organization or outside, they should make sure that no errors distract from the message they need to convey. Take this short quiz for practice in subject-verb agreement.