Auditing


The AICPA’s Auditing Standards Board issued two exposure drafts related to service organizations. Proposed Statement on Auditing Standards, Audit Considerations Relating to an Entity Using a Service Organization (Redrafted), is for auditors of entities that use a service organization. The redrafted SAS would supersede AU section 324, Service Organizations. Proposed Statement on Standards for Attestation Engagements (SSAE), Reporting on Controls at a Service Organization, is for service auditors reporting on controls at a service organization.

Comments on the exposure drafts are due Feb. 17. The drafts are available at http://tinyurl.com/6qwy7m.

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VIDEO

Excel walk-through: Sparklines

Want to liven up your spreadsheets with some color and graphical elements? Kelly L. Williams, CPA, Ph.D., shows how to use Excel sparklines, which illustrate data trends and patterns via small charts that fit in a single Excel cell.