Auditing

January 1, 2002

Please note: This item is from our archives and was published in 2002. It is provided for historical reference. The content may be out of date and links may no longer function.

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Both the Institute and the Big Five issue statements describing their latest initiatives to improve the quality of financial reporting and auditing. Among such efforts are the Institute’s plans—with the firms’ help—to expand Auditing Standards Board fraud detection and deterrence guidance for financial statement issuers, audit committees and auditors and to continue implementing the recommendations of the Panel on Audit Effectiveness. ( http://ftp.aicpa.org/public/download/news/auditquality.pdf ; www.aicpa.org/news/bigfive.htm )

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Auditing

IRS warns taxpayers: Social media advice can lead to costly penalties

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