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 …
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 …
Written By: Ken Tysiac Public company auditors have responded quickly and effectively to the coronavirus pandemic to help preserve the public’s critically important confidence in capital markets. That’s the conclusion drawn by Center for Audit Quality (CAQ) Executive Director Julie Bell Lindsay, who said in …
Written By: Michael Cohn The Financial Accounting Standards Board has created a web portal to offer a view of its post-implementation review process. The PIR process is an important quality control mechanism that’s built into FASB’s standard-setting process, starting after a standard has been issued. During …
Samrawit Yohannes
