The revised standards are designed to provide a framework for high-quality work by government auditors.
The AICPA Auditing Standards Board issued a proposal that would make numerous changes to the attestation standards, including changing the terminology for what have been known as “review engagements.”
A healthy dose of paranoia and specialized expertise can help practitioners overcome challenges in employee benefit plan audits.
To help promote audit quality, KPMG is on an innovation journey with our people, processes and technology.
Careful testing and thorough documentation are among the keys for quality single audit performance described by Laurie De Armond, CPA, in her summary of observations from the AICPA Not-for-Profit Industry Conference.
Audit data analytics provide an opportunity for auditors to provide more value to clients. But first, firms need to let clients tell them what kind of insights would be helpful.
Safeguards for long-tenured personnel are suggested.
The TQAs discuss engagement and representation letters.
The AICPA Accounting and Review Services Committee issued Statement on Standards for Accounting and Review Services No. 24, which revises reporting requirements for compilations and reviews.
Take this five-question quiz to gauge your understanding of how to assess and respond to risk during an engagement.
A new international Code of Ethics for professional accountants contains new guidance on safeguards, cooling-off periods, and other important issues.
CPA firms must take care not to run afoul of professional standards if they are asked to sign nondisclosure agreements.
SSARS No. 24 will create and amend AR-C sections.
All proposals were related to audit quality, evolving skill sets, risk assessment and response, and sufficiency and appropriateness of audit evidence.
It applies to audits performed beyond PCAOB oversight.
Auditors of insured depository institutions need to educate themselves and their staffs about independence rules that apply to these engagements.
Sustainability reporting has become a common business practice in the United States, and now research shows that sustainability assurance efforts more than pay for themselves in a majority of companies.
Specialized knowledge is critical when performing engagements under Government Auditing Standards and compliance audits of federal funds (single audits). Test your expertise in this area.
New Technical Questions and Answers issued Tuesday by the AICPA provide nonauthoritative guidance for multiemployer plan payroll compliance services when engaged to perform payroll compliance procedures as an agreed-upon procedures engagement in accordance with AT-C Section 215.
Two new Frequently Asked Questions (FAQs) issued by the AICPA Professional Ethics Division provide nonauthoritative guidance for the effects on independence when senior personnel have been on an attest engagement team for a long period.