The Government Accountability Office has issued a guidance document to help auditors comply with the new requirements of the July 2007 revision of government auditing standards.
The
The Professional Requirements Tool contains general requirements for audit organizations, along with specific requirements for financial audits, attestation engagements and performance audits.
The tool does not contain the full explanatory material, however, so the GAO recommends that it be used alongside the
Just over half of accountants report being "highly satisfied" with their jobs, according to an ongoing survey — and perhaps just as important, the sources of dissatisfaction in the profession are becoming clearer and clearer.
Meanwhile, KPMG and Grant Thornton led in terms of new engagements among the largest audit firms.
Plus, Johnson Lambert launches a new practice; Kaufman Rossin names CIO; and other firm and personnel news from across the profession.
Plus, Bloomberg Tax Provision gets beefed up ; support for FileCabinet CS to expire in 2027; and other updates.
The wide-ranging Taxpayer Assistance and Service Act includes a requirement for a new IRS office to educate businesses about child care tax breaks.
One Range Rover, two Ferraris; quite a JOLT; live-video app; and other highlights of recent tax cases.
