PCAOB gets new chairman, complete new board membership
The new members come from public and private organizations.
Auditing
Revised compilation and review report requirements to be included in SSARS No. 24
A new Statement on Standards for Accounting and Review Services will be issued in late May in an effort to decrease the impact on practitioners during busy season.
ASB issues new statement of position
Attestation guidance addresses third-party due-diligence services for asset-backed securities.
Guidance for sustainability attestation engagements
Read excerpts from a new AICPA-issued sustainability guide issued to aid practitioners taking on attestation services in this emerging area.
ASB addresses auditor’s report, other information, standards alignment
Comments on three proposals are due May 15.
PCAOB issues staff guidance on new auditor’s report
Much of the new reporting model is in effect.
PCAOB identifies most frequent 2016 audit issues
Staff inspection reports revealed 3 areas of greatest concern.
The risks, and potential rewards, of rotating chief audit executives
Organizations should be wary of assigning a chief audit executive to the role for a short, predetermined time.
SEC approves PCAOB’s new auditor’s reporting model
It's the first major change to the standard form in 70 years.
PCAOB gets new chairman, complete new board membership
William Duhnke will chair the Public Company Accounting Oversight Board, and will be joined by board members J. Robert Brown, Kathleen Hamm, James Kaiser, and Duane DesParte.
Using audit data analytics in performing a risk assessment procedure
In this excerpt from the AICPA’s new Guide to Audit Data Analytics, learn how to apply the techniques to a risk assessment procedure.
How firms can continue to improve audit quality
PCAOB member Jeanette Franzel is calling for audit firms to dedicate additional resources to ensure high-quality audits.
Audit committee considerations for the PCAOB’s new audit report
A new Center for Audit Quality tool provides audit committees with important considerations related to the new auditor’s report.
How CPAs can prepare for auditing in the future
Recent leaps in artificial intelligence and machine learning might pale compared to what lies just ahead. Here’s how auditors can embrace the changes.
Blockchain considerations for management and auditors
Distributed ledger technology, also known as blockchain, presents a twofold challenge for accountants and auditors.
PCAOB issues staff guidance on new auditor’s report
The PCAOB issued staff guidance that describes important considerations related to the new auditor’s reporting model.
Why are we still auditing on-site?
This article explores reasons for remote auditing.
What to consider when auditing revenue recognition implementation
The PCAOB warned of increased risks of material misstatement.
Lessons to learn from SEC accounting and auditing enforcements
Five principles can help prevent, detect, or correct the most frequent securities law violations adjudicated by the SEC.
How to audit fair value measurements
The subjective nature of fair value measurements makes them a challenge for auditors. These tips—and a new framework for use by valuation professionals—can make the job easier.
