Audit & assurance news and resources -- Journal of Accountancy

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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

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