How to maintain independence in audits of insured depository institutions
Auditors of insured depository institutions need to educate themselves and their staffs about independence rules that apply to these engagements.
Auditing
Save money by having your sustainability report assured
Sustainability reporting has become a common business practice in the United States, and now research shows that sustainability assurance efforts more than pay for themselves in a majority of companies.
Quiz: How much do you know about governmental auditing and single audits?
Specialized knowledge is critical when performing engagements under Government Auditing Standards and compliance audits of federal funds (single audits). Test your expertise in this area.
AICPA issues nonauthoritative guidance for payroll audits
New Technical Questions and Answers issued Tuesday by the AICPA provide nonauthoritative guidance for multiemployer plan payroll compliance services when engaged to perform payroll compliance procedures as an agreed-upon procedures engagement in accordance with AT-C Section 215.
New FAQs address familiarity threats for long-tenured senior engagement personnel
Two new Frequently Asked Questions (FAQs) issued by the AICPA Professional Ethics Division provide nonauthoritative guidance for the effects on independence when senior personnel have been on an attest engagement team for a long period.
How audit committees can evaluate non-GAAP measures
A Center for Audit Quality tool provides tips for audit committees to consider about non-GAAP measures as they perform their oversight duties.
How blockchain might affect audit and assurance
A new report describes the changes that may be coming and how CPAs can take advantage of new opportunities the technology may provide.
How internal audit can improve by embracing technology
By embracing new technologies and developing new skills in their own operations, internal auditors can develop a point of view on new risks and deliver value to the organization.
Global audit inspection findings show modest improvement
The percentage of audits with at least one inspection finding fell slightly from the previous year, according to a global survey of audit regulators taken in 2017.
ASB issues auditing interpretation on dual reporting
An interpretation issued by the AICPA Auditing Standards Board helps auditors comply with reporting requirements during engagements performed under both generally accepted auditing standards and PCAOB rules.
PCAOB gets new chairman, complete new board membership
The new members come from public and private organizations.
Revised compilation and review report requirements to be included in SSARS No. 24
A new Statement on Standards for Accounting and Review Services will be issued in late May in an effort to decrease the impact on practitioners during busy season.
ASB issues new statement of position
Attestation guidance addresses third-party due-diligence services for asset-backed securities.
Guidance for sustainability attestation engagements
Read excerpts from a new AICPA-issued sustainability guide issued to aid practitioners taking on attestation services in this emerging area.
ASB addresses auditor’s report, other information, standards alignment
Comments on three proposals are due May 15.
PCAOB issues staff guidance on new auditor’s report
Much of the new reporting model is in effect.
PCAOB identifies most frequent 2016 audit issues
Staff inspection reports revealed 3 areas of greatest concern.
The risks, and potential rewards, of rotating chief audit executives
Organizations should be wary of assigning a chief audit executive to the role for a short, predetermined time.
SEC approves PCAOB’s new auditor’s reporting model
It's the first major change to the standard form in 70 years.
PCAOB gets new chairman, complete new board membership
William Duhnke will chair the Public Company Accounting Oversight Board, and will be joined by board members J. Robert Brown, Kathleen Hamm, James Kaiser, and Duane DesParte.
