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.
Audit & assurance
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.
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.
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.
What to consider when auditing revenue recognition implementation
The PCAOB warned of increased risks of material misstatement.
ASB addresses auditor’s report, other information, standards alignment
Three proposals issued by the AICPA Auditing Standards Board are designed to enhance the relevance and usefulness of the auditor’s report for audits of nonissuers.
Attestation guidance for third-party due-diligence services for asset-backed securities
The ASB issued a statement of position providing guidance for attestation engagements related to third-party due-diligence services performed in connection with asset-backed securities.
PCAOB identifies 3 areas with most frequent 2016 audit issues
Board inspectors found audit deficiencies most often in three recurring areas and suggested steps firms may want to follow to improve performance in the future.
Companies continue to increase transparency of external audit oversight
Investors and other stakeholders continue to gain access to more information about how audit committees choose and oversee external audit firms.
4 strategies for efficient, effective audit documentation
Although compliance with audit documentation standards can be a challenge, smart planning, standardized working papers, and other best practices can help practitioners avoid problems.
ARSC proposals seek flexibility, harmony
A new attestation service and international issues are addressed in separate proposals.
SEC approves PCAOB’s new auditor’s reporting model
The SEC granted unanimous approval to the new auditor’s reporting standard created by the PCAOB.
Potential areas of risk for the 2017 audit cycle
An alert published by the Center for Audit Quality discusses some of the more judgmental or complex areas that may be relevant during the 2017 auditing cycle.
What to consider when auditing revenue recognition implementation
A new PCAOB alert can help auditors apply the board’s guidance to their clients’ implementation of the new accounting standard.
PCAOB urges improvement in broker and dealer audits
The board observed slightly more audit deficiencies in 2016.
Features
FROM THIS MONTH'S ISSUE
AI risks CPAs should know
Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.
