The SEC granted unanimous approval to the new auditor’s reporting standard created by the PCAOB.
Audit & assurance
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.
Cathy Clarke, CPA
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.
Cybersecurity: A new engagement opportunity
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.
Key factors correlate with quality in single audits
Performing a small number of specialized audits may lead to nonconformities, a study found.
ASB issues standard for auditors involved with exempt offering documents
SAS No. 133 establishes procedures for practitioners.
How data-hosting services affect independence
Taking responsibility for hosting an attest client’s data or records impairs a CPA’s independence, according to a new ethics interpretation.
PCAOB revises proposal on supervision of other auditors
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.
Proposal would pave the way for a new attestation service
A proposal by the AICPA’s ARSC would result in flexibility for practitioners performing and reporting on a procedures and findings service.
The importance of audit planning
Often overlooked, the real benefit of audit planning is gained from the process itself.
What audit committees need to know about PCAOB’s Form AP
The CAQ has published a new tool.
CAQ suggests changes in 2 PCAOB proposals
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.
What PCAOB inspectors are looking for
PCAOB inspectors will focus on several key areas during 2017, including compliance with new audit transparency rules and preparation for new accounting standards.
Rulemaking gives auditors a chance to provide more insight
An upcoming Auditing Standards Board proposal is the latest example of a standard setter providing a mechanism for auditors to provide more value.
PCAOB urges improvement in broker and dealer audits
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.
How well do you know audit documentation requirements?
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.
5 key issues that merit CPAs’ attention
Presenters at the inaugural AICPA ENGAGE conference discussed some of the most important issues in the accounting profession, in areas including technology and client management.
PCAOB proposes amendments
Changes are sought for auditing accounting estimates and use of the work of specialists.
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SPONSORED REPORT
Preparing clients for new provisions next tax season
As the 2025 filing season approaches, H.R. 1 introduces significant tax reforms that CPAs must be prepared to navigate. These legislative changes represent some of the most comprehensive tax updates in recent years, affecting both individual and corporate taxpayers. This report provides in-depth analysis and guidance on H.R. 1.
