Auditing


The Public Company Accounting Oversight Board (PCAOB) issues a briefing paper describing its plans for overseeing—in cooperation with appropriate auditing regulators in other countries—the activities of U.S. accounting firms fully or partially responsible for auditing public companies in a foreign jurisdiction ( www.pcaobus.org/rules/Release2003-020.pdf ). The paper also described the board’s vision of a reciprocal arrangement it seeks with foreign regulators for the oversight of non-U.S. accounting firms auditing American companies. The PCAOB said such joint efforts will protect investors by improving participating nations’ audit quality and corporate reporting, minimizing unnecessary overlaps in their regulations and costs and allocating resources more efficiently.

PODCAST

What’s next for potential CPA licensure changes

A new model proposed by NASBA and the AICPA is designed with an eye on the future for newly licensed CPAs. The AICPA's Carl Mayes, CPA, provides background on the project and a look ahead to 2020.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.