Audit & assurance

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.

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.

The SEC granted unanimous approval to the new auditor’s reporting standard created by the PCAOB.

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.

A new PCAOB alert can help auditors apply the board’s guidance to their clients’ implementation of the new accounting standard.

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.