How Auditors Can Enhance The Reliability Of Non-GAAP Reporting

Written By: Ken Tysiac Engaging external auditors to perform procedures outside the financial statement audit related to non-GAAP financial measures or key performance indicators (KPIs) can raise public confidence in this information, according to a Center for Audit Quality (CAQ) report issued Tuesday. In an …

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More Flexibility For Agreed-Upon Procedures

Written By: By Alan Reinstein, CPA, CGMA, DBA; Cathleen L. Miller, CPA, Ph.D.; and John Fleming, CPA Agreed-upon procedures provide practitioners with an important opportunity to use their skills and training to help clients with engagements that differ from both audits and consulting engagements. A …

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Proposal Aims To Enhance Auditors’ Risk Assessment Process

Written By: Ken Tysiac The AICPA Auditing Standards Board (ASB) issued a proposed standard Thursday that is designed to enhance auditors’ assessment of the risks of material misstatement in an audit of financial statements. Proposed Statement on Auditing Standards (SAS), Understanding the Entity and Its Environment and Assessing …

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