Audit & assurance news and resources -- Journal of Accountancy

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.

October 25, 2016

SSARS 23 expands application of preparation, compilation standards

SSARS No. 23 results in the SSARSs being applicable to engagements performed on certain subject matter other than financial statements.

October 4, 2016

Top considerations for 2016 audit cycle

Areas of high attention for auditors during the 2016 audit cycle will include a new standard on naming the engagement partner as well as internal control over financial reporting.

October 1, 2016

AICPA proposes modifying peer review reports

The board seeks a clear indication of whether a single audit was selected.

October 1, 2016

PCAOB remains concerned about broker-dealer audits

Inspectors find a high level of deficiencies.

September 29, 2016

Millennials are the most confident investors, survey shows

Millennial investors have more faith than members of other generations in US and overseas markets, US public companies, and audited financial information, a new survey shows.

September 23, 2016

ARSC completes clarity project with issuance of SSARS No. 22

New Statement on Standards for Accounting and Review Services No. 22 clarifies the standard on compilations of pro forma financial information.

September 19, 2016

New path proposed for CPAs in cyber risk management

Two proposals issued Monday would create guidance for management in designing and describing its cybersecurity risk management program.

September 1, 2016

ASB addresses exempt securities

Requirements are proposed for when an auditor is involved with an exempt securities offering.

September 1, 2016

ARSC proposes update to standard on reviews

An exposure draft adjusts requirements and guidance for supplementary information.

September 1, 2016

ASB exposure draft would supersede standard on going concern

The proposal is part of a convergence strategy with the IAASB.

September 1, 2016

PCAOB issues guidance for Form AP

A new rule requires firms to name engagement partners and other firms that worked on the audit.

August 24, 2016

PCAOB, German regulator to cooperate in oversight of audit firms

The Public Company Accounting Oversight Board will cooperate with the German Auditor Oversight Body in overseeing audit firms that operate under both regulators.