Developing A Strategic Audit Plan

Written: By Teri Saylor Whether your firm is small or one of the largest organizations in the country, it pays to develop and maintain a strategic audit plan, according to Lorin Venable, CPA, CGMA. As assistant inspector general for financial management and reporting at the …

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Cybersecurity Provides Opportunities For Auditors To Serve

Written By: Ken Tysiac Cybersecurity challenges require a response from every sector of the economy. Public company auditors can do their part by providing services to clients beyond the financial statements, according to a Center for Audit Quality (CAQ) report published Tuesday. Auditing standards require …

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FASB Proposes 3 Targeted Lease Accounting Changes

Written By: Ken Tysiac FASB issued a proposal Tuesday that is designed to improve three targeted areas of its lease accounting guidance. The proposed amendments are designed to represent FASB’s commitment to take timely action based on what the board learns during its post-implementation review process of …

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Direct Examination Engagement Created By SSAE No. 21

Written By: Ken Tysiac Practitioners will be able to perform a new engagement known as a direct examination for clients under a new standard published Wednesday by the AICPA Auditing Standards Board (ASB). Statement on Standards for Attestation Engagements (SSAE) No. 21, Direct Examination Engagements, …

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