Audit & assurance news and resources -- Journal of Accountancy

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July 1, 2017

ASB addresses auditor reporting on ERISA plan financial statements

The standard is meant to clarify auditors’ responsibilities.

July 1, 2017

What auditors of brokers and dealers need to know about audit planning

A CAQ alert discusses challenging areas.

June 23, 2017

NFP audit committees: Getting oversight right

Whether it means taking external auditors into executive session or getting candid opinions on staff, audit committee members need to provide strong oversight to help the organization thrive and survive.

June 20, 2017

What audit committees need to know about PCAOB’s Form AP

Audit committees have new information to consider as a result of a new PCAOB rule requiring the naming of the engagement partner and other firms participating in the audit.

June 15, 2017

How audit methodologies will change in the future

Embracing technology and making changes in your firm now will help your firm succeed in the future as new technologies enable auditors to provide more value to clients.

June 12, 2017

How to improve audit planning effectiveness and efficiency

Attention to the right details during planning can save time and enhance audit quality.

June 1, 2017

PCAOB expands auditors’ reporting duties

Auditor’s reports will provide more information to financial statement users under new rules.

June 1, 2017

New audit data standard addresses inventory subledger

Standardizing data can improve efficiency of the audit process.

June 1, 2017

Audit documentation: Tips for getting it right

Steer clear of three common misconceptions about documentation that can derail an otherwise high-quality audit.

May 24, 2017

PCAOB to consider adopting new auditor’s reporting standard

The board has proposed requiring auditors to provide information on the most challenging, subjective, or complex aspects of an audit.

May 23, 2017

ASB addresses engagements performed under 2 sets of attestation standards

The AICPA ASB issued an interpretation that describes conditions for practitioners who wish to perform and report on an attestation engagement in accordance with AICPA attestation standards in addition to another set of attestation standards.

May 18, 2017

What auditors of brokers and dealers need to know about audit planning

Risk assessment procedures, auditor communication requirements, and revenue recognition are among the many complex areas that auditors need to consider carefully in their planning and throughout the audit.

April 28, 2017

AICPA issues TQAs on internal control

The AICPA has issued new TQAs about controls relevant to the audit and control activities relevant to the audit.

April 24, 2017

7 steps to planning a successful not-for-profit audit

This column offers tips to help make year-end financial statement audits more effective and less challenging.

April 20, 2017

ASB addresses auditor reporting on ERISA plan financial statements

An ASB proposal would change standards for auditors reporting on financial statements of ERISA employee benefit plans.

April 10, 2017

GAO proposes revisions to government auditing standards

Requirements for auditors related to competence, continuing professional education, auditor independence, and other topics would change under revisions to Government Auditing Standards proposed by the U.S. GAO.

April 6, 2017

New audit data standard addresses inventory subledger

Basic analysis of the inventory process can become easier through use of a new audit data standard issued by the AICPA Assurance Services Executive Committee.

April 1, 2017