Accounting standards

Auditing firms appear to be making headway on fixing some of the problems identified by the Public Company Accounting Oversight Board.

The American Institute of CPAs and CPA.com released their 2024 CAS Benchmark Survey.

Knowing how to distinguish between what is required by standards and what is opinion is crucial for auditors to confidently navigate these reviews and inspections.

The Public Company Accounting Oversight Board is also offering insights on improving audit committee communications and a video on the new confirmation standard.

The website was created to foster collaboration and share best practices and resources around client accounting services.

The Financial Accounting Standards Board is seeking comments on a practical expedient and an accounting policy election for stakeholders.

John Auchincloss will retire in September 2025 from the FAF. The search for his successor will begin immediately.

The Public Company Accounting Oversight Board introduced two pieces of guidance to help auditing firms apply its new quality control standard.