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.
New Statement on Standards for Accounting and Review Services No. 22 clarifies the standard on compilations of pro forma financial information.
Two proposals issued Monday would create guidance for management in designing and describing its cybersecurity risk management program.
An exposure draft adjusts requirements and guidance for supplementary information.
Requirements are proposed for when an auditor is involved with an exempt securities offering.
A new rule requires firms to name engagement partners and other firms that worked on the audit.
The proposal is part of a convergence strategy with the IAASB.
The Public Company Accounting Oversight Board will cooperate with the German Auditor Oversight Body in overseeing audit firms that operate under both regulators.
Peer review reports would be modified to clearly indicate if a single audit was selected under a proposal issued by the AICPA Peer Review Board.
Following Chief Accountant James Schnurr’s serious bicycle crash, the SEC has named Wesley Bricker interim chief accountant. Bricker will handle the chief accountant duties during Schnurr’s recovery.
Exempt offerings include, but are not limited to, private placement offerings, exempt public offerings, municipal securities offerings, and franchise offerings.
The AICPA Accounting and Review Services Committee proposed certain necessary revisions to correct requirements and guidance related to reporting on supplementary information in its standard on reviews of financial statements.
An exposure draft issued by the AICPA Auditing Standards Board proposes to supersede the current standard on the auditor’s consideration of an entity’s ability to continue as a going concern.
The SEC approves the requirement for public company audits.
The board reacts to evidence of improper changes.
Deficiencies have dipped for large firms.
The board wants audit reports to be accessible.