Thomson Reuters has released a special report, “Four Ways to Avoid Audit and Attest Deficiencies.”
The report follows the latest AICPA peer review findings, which were identified during peer reviews of firms that perform audit and attest engagements. Thomson Reuter’s report provides a discussion of common deficiencies identified in peer reviews, such as those related to the auditing standards for performing group audits. Other issues addressed in the report include accounting errors, disclosure concerns, non-attest services, and reporting mistakes.
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