Practitioners must persevere in an environment of new standards and regulatory upheaval.
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.
The median audit fee increase paid by Securities and Exchange Commission filers was 3.2% in 2015 compared with the previous year, according to a new survey.
SSARS No. 22 pertains to pro forma compilation reports.
New alerts cover judgmental and complex topics.
The proposed changes would increase compliance costs for employers that they may pass on to plan participants, the AICPA wrote.
As a new regulation takes effect for single audits, practitioners need to plan carefully, and test and document skillfully as they perform this specialized work for clients.
The agreement allows cooperation to continue.
Collection is keyword searchable and aims to foster productive dialogue.
New auditors must be conscientious and diligent, and get help when they need it.
More audit committees are voluntarily disclosing information in proxy statements about their oversight of external auditors, including auditor appointment and audit partner rotation, according to a new analysis.
SSARS No. 23 results in the SSARSs being applicable to engagements performed on certain subject matter other than financial statements.
Areas of high attention for auditors during the 2016 audit cycle will include a new standard on naming the engagement partner as well as internal control over financial reporting.
The board seeks a clear indication of whether a single audit was selected.
Inspectors find a high level of deficiencies.
Millennial investors have more faith than members of other generations in US and overseas markets, US public companies, and audited financial information, a new survey shows.