New Approach To Quality Management Proposed By ASB

Written: By Ken Tysiac A new approach to quality management was ushered in Thursday by the AICPA Auditing Standards Board (ASB), which issued an exposure draft of three interrelated proposed standards. The proposed standards are designed to bring important changes to the way firms will …

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New AICPA TQAs Address Third-Party Assessment Engagements

Written By: Ken Tysiac The AICPA issued two Technical Questions and Answers on Tuesday that provide nonauthoritative guidance related to performing third-party assessment engagements. TQAs 9550.01–.02 describe the characteristics of a third-party assessment program and the standards a member is required to apply to a third-party assessment …

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Foreign Auditor Use Increasing Among U.S. Companies

Written By: Michael Cohn January 05, 2021, 4:39 p.m. EST Over one-third of U.S. public company audits rely on at least one audit firm abroad, according to new research. The report found that 37.6 percent of U.S. public company audits utilize at least one foreign …

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