Standardizing data can improve efficiency of the audit process.
The board has proposed requiring auditors to provide information on the most challenging, subjective, or complex aspects of an audit.
The AICPA ASB issued an interpretation that describes conditions for practitioners who wish to perform and report on an attestation engagement in accordance with AICPA attestation standards in addition to another set of attestation standards.
Risk assessment procedures, auditor communication requirements, and revenue recognition are among the many complex areas that auditors need to consider carefully in their planning and throughout the audit.
The AICPA has issued new TQAs about controls relevant to the audit and control activities relevant to the audit.
This column offers tips to help make year-end financial statement audits more effective and less challenging.
An ASB proposal would change standards for auditors reporting on financial statements of ERISA employee benefit plans.
Requirements for auditors related to competence, continuing professional education, auditor independence, and other topics would change under revisions to Government Auditing Standards proposed by the U.S. GAO.
Basic analysis of the inventory process can become easier through use of a new audit data standard issued by the AICPA Assurance Services Executive Committee.
As technological innovations change the way audits are performed, auditors need to be ready to use new tools to gain insight from data.
Deloitte’s efforts are aided by a mechanism for generating ideas, strategic alliances with technology developers, and easy-to-use tools.
The rules consider the accounting provisions in the FASB standard issued in 2014.
Financial statement audits are not just a compliance exercise, but also an opportunity to gain knowledge that can generate positive business results.
Practitioners must persevere in an environment of new standards and regulatory upheaval.
Follow these steps to start or grow data-based auditing practices.
The AICPA Auditing Standards Board issued a new standard that considers FASB’s new accounting considerations for going concern as well as GASB’s accounting guidance for state and local governments.
2 comment letters express concerns about inconsistencies and confusion.
In this episode, guest Julia Morriss of the AICPA joins the show to give us a glimpse of accountants’ aeronautical future.
SSARSs are extended to certain prospective, pro forma, and historical financial information.
Efforts by auditors in three key areas have led to improved quality in audits, PCAOB inspections show.