Audit & assurance news and resources -- Journal of Accountancy

TOPICS

April 1, 2017

ASB issues new going concern auditing standard

The rules consider the accounting provisions in the FASB standard issued in 2014.

April 1, 2017

Rethinking the audit

As technological innovations change the way audits are performed, auditors need to be ready to use new tools to gain insight from data.

April 1, 2017

How to enable audit innovation

Deloitte’s efforts are aided by a mechanism for generating ideas, strategic alliances with technology developers, and easy-to-use tools.

March 29, 2017

How financial statement audits deliver key business insights

Financial statement audits are not just a compliance exercise, but also an opportunity to gain knowledge that can generate positive business results.

March 1, 2017

A framework for continuous auditing: Why companies don’t need to spend big money

Follow these steps to start or grow data-based auditing practices.

March 1, 2017

Coping with audit changes

Practitioners must persevere in an environment of new standards and regulatory upheaval.

February 22, 2017

ASB issues new going concern auditing standard

The AICPA Auditing Standards Board issued a new standard that considers FASB’s new accounting considerations for going concern as well as GASB’s accounting guidance for state and local governments.

February 1, 2017

AICPA urges changes to employee benefit reporting proposal

2 comment letters express concerns about inconsistencies and confusion.

January 10, 2017

How drone aircraft will change the CPA profession

In this episode, guest Julia Morriss of the AICPA joins the show to give us a glimpse of accountants’ aeronautical future.

January 1, 2017

Issuance expands application of preparation and compilation standards

SSARSs are extended to certain prospective, pro forma, and historical financial information.

December 7, 2016

7 keys for auditors’ success in a changing environment

Efforts by auditors in three key areas have led to improved quality in audits, PCAOB inspections show.

December 2, 2016

2015 audit fee increases varied based on size, type of auditee

The median audit fee increase paid by Securities and Exchange Commission filers was 3.2% in 2015 compared with the previous year, according to a new survey.

December 1, 2016

CAQ names top considerations for 2016 audit cycle

New alerts cover judgmental and complex topics.

December 1, 2016

ARSC completes clarity project with issuance of new statement on standards

SSARS No. 22 pertains to pro forma compilation reports.

November 29, 2016

AICPA urges changes to employee benefit reporting proposal

The proposed changes would increase compliance costs for employers that they may pass on to plan participants, the AICPA wrote.

November 1, 2016

New database provides free access to audit research

Collection is keyword searchable and aims to foster productive dialogue.

November 1, 2016

Tips for first-year auditors

New auditors must be conscientious and diligent, and get help when they need it.

November 1, 2016

PCAOB to work with German regulator in oversight of audit firms

The agreement allows cooperation to continue.

November 1, 2016

11 tips for success with single audits

As a new regulation takes effect for single audits, practitioners need to plan carefully, and test and document skillfully as they perform this specialized work for clients.

November 1, 2016

Audit committees voluntarily disclosing more about auditor oversight

More audit committees are voluntarily disclosing information in proxy statements about their oversight of external auditors, including auditor appointment and audit partner rotation, according to a new analysis.

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.