A new PCAOB alert can help auditors apply the board’s guidance to their clients’ implementation of the new accounting standard.
Building trust with members of the firm as well as clients is essential for the success of an audit firm’s quality-control system, according to Cathy Clarke, CPA, chief assurance officer for CliftonLarsonAllen LLP in Minneapolis.
SAS No. 133 establishes procedures for practitioners.
Performing a small number of specialized audits may lead to nonconformities, a study found.
The board observed slightly more audit deficiencies in 2016.
CPAs who possess the appropriate expertise can perform new consulting and attest services for clients under a recently released AICPA framework. Developing expertise in this area is the key.
Taking responsibility for hosting an attest client’s data or records impairs a CPA’s independence, according to a new ethics interpretation.
The PCAOB has revised a proposal that would create a more uniform approach to a lead auditor’s supervision of other auditors from other audit firms.
A proposal by the AICPA's ARSC would result in flexibility for practitioners performing and reporting on a procedures and findings service.
Often overlooked, the real benefit of audit planning is gained from the process itself.
The CAQ has published a new tool.
While supporting PCAOB proposals for new standards on auditing accounting estimates and using the work of specialists, the Center for Audit Quality submitted suggestions for improving the proposals.
PCAOB inspectors will focus on several key areas during 2017, including compliance with new audit transparency rules and preparation for new accounting standards.
An upcoming Auditing Standards Board proposal is the latest example of a standard setter providing a mechanism for auditors to provide more value.
The PCAOB is urging audit firms to take steps to bring about higher quality in audits of brokers and dealers, according to a report issued Friday.
Noncompliance with the Audit Documentation standard is the most common cause of material nonconformity in audits. Take this quiz to find out how well you understand what is required.
Amanda Wilkie, chief information officer at WithumSmith+Brown, explains how blockchain could promote continuous auditing.
Changes are sought for auditing accounting estimates and use of the work of specialists.
The audit report gets major changes for the first time in decades.
Mandy Nelson, CPA, a partner in KPMG’s Department of Professional Practice, says training professionals to understand and apply standards requires a careful analysis of how much time should be devoted to each of the most challenging topics.