A Center for Audit Quality report reveals an increase in public company audit committee disclosures, particularly related to cybersecurity, while an accompanying report aims to help audit committees manage their growing list of responsibilities.
Public comments sought on quality control standards that incorporate standards established by the AICPA and the IAASB.
Understanding and evaluating inherent risk will remain a critical piece of your audit risk assessment process, and SAS No. 145 has brought a number of changes to enhance clarity and audit effectiveness.
AICPA & CIMA tools can assist organizations new to single audits or similar compliance engagements.
New inherent risk factors introduced by SAS No. 145 aim to assist in risk identification. Understand how the changes will affect your 2023 audits.
This express podcast episode with transcript hits the highlights of recent Journal of Accountancy news coverage of student loan debt forgiveness, an AICPA letter urging penalty relief from the IRS, and more.
How familiar are you with SAS No. 145, which details an auditor’s responsibility relating to risk assessment in an audit of financial statements? Take this quiz to test what you know and get better prepared.
SAS No. 145 revises the definition of significant risk. The revisions alter how you conduct elements of your risk assessments. Get the updated information you need and be ready for your 2023 audits.
Benford’s Law can help uncover indicators of fraud — and anomalies that arise from legitimate business practices.
The PCAOB’s Strategic Plan 2022–2026 aims to modernize standards, enhance inspections, strengthen enforcement, and improve organizational effectiveness.
Follow these do’s and don’ts for auditors when potential wrongdoing surfaces.
The AICPA Code of Professional Conduct requires CPA firms to identify all their financial statement attest client affiliates.
You must apply, with one exception, the “Independence Rule” and related interpretations of the AICPA Code of Professional Conduct to your state or local government client’s affiliates.
The PCAOB adopts amendments to its auditing standards to strengthen requirements that apply to audits involving multiple firms.
The proposed ethics updates include new or revised definitions and interpretations related to independence during compliance audit engagements.
The pandemic brought about a surge in remote auditing, a practice which has both pros and cons. CPAs at small firms discuss their experiences with remote audits and what they plan to do in the future, and share tips for making remote audits run more smoothly.
The PCAOB has issued new requirements for auditing accounting estimates and using the work of specialists. The board is seeking comments on the new requirements.
Economic conditions and the environment many companies face have changed substantially as a result of Russia’s invasion of Ukraine.
Learn how data-driven audits can help identify and mitigate risks and why tech tools that automate rote tasks are just one part of the evolution of auditing in this podcast episode with transcript.
The AICPA Auditing Standards Board is seeking comment on a proposed Statement on Auditing Standards that would update the appendix in AU-C Section 935, Compliance Audits.