The IAASB has issued a nonauthoritative publication to address some of the common questions related to reporting going concern matters in the auditor’s report.
Audit & assurance
The percentage of companies worldwide providing assurance on ESG reporting increased between 2019 and 2020, but are auditors getting their share of the work?
The AICPA Code of Professional Conduct requires CPA firms to identify all their financial statement attest client affiliates.
Follow these do’s and don’ts for auditors when potential wrongdoing surfaces.
The Sarbanes-Oxley Act created the PCAOB in 2002 to oversee public company audits. Twenty years later, the PCAOB — backed by the SEC — is emphasizing inspection and enforcement as ways to strengthen investor protections.
Don’t delay. Understand SAS No. 145, from the AICPA Auditing Standards Board (ASB), and be ready.
Three-fourths of public company audit partners believe inflation will persist for at least 12 months, according to a Center for Audit Quality survey.
Recently issued standards provide options for clients and flexibility for practitioners.
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 report highlights 10 areas of focus for inspections and shares five key reminders aimed at helping auditors as they navigate the current economic landscape.
The PCAOB adopts amendments to its auditing standards to strengthen requirements that apply to audits involving multiple firms.
The chair of the AICPA Auditing Standards Board explains more about implementation of new quality management standards, including timeline advice, in this podcast episode with transcript.
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 new standards represent a significant change in how CPA firms will approach audit and assurance quality in the future.
The Technical Questions and Answers address auditor reporting when the entity issues its annual report subsequent to its financial statements.
Understand the changes to the AICPA Code of Professional Conduct’s independence rules relating to loaning staff to an attest client.
A survey of audit quality indicators performed by the AICPA reveals the most important factors in helping CPA firms perform quality audits.
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.