Audit preparation

An inside look at SAS 142, which aims to help bolster this critical tool in the auditor's toolkit.

The profession's skillset can be applied to much more than just financial statements, according to Julie Bell Lindsay of the Center for Audit Quality.

The AICPA's Dynamic Audit Solution is on track to transform the field; Sue Coffey of the American Institute of CPAs and Erik Asgeirsson of CPA.com offer an update on this ambitious project.

Among the pandemic-related issues covered are how to handle the Paycheck Protection Program and other stimulus efforts.

EY and BF Borgers made good showings for the quarter.

Accountants can start small when it comes to deploying robotic process automation to streamline their workflows.

No matter how perfect the partnership between an audit firm and client may seem, sometimes the partnership doesn’t work out.

The move brings greater efficiency — but still requires careful planning.

The American Institute of CPAs’ Auditing Standards Board has released a new standard for audit evidence for private companies, updating the existing standards in recognition of the increasing role that technology plays in audit procedures.

Real change will involve people, processes and much more beyond just software and hardware.

As the coronavirus pandemic continues, the need for remote audit capabilities remains a prime concern.

The Public Company Accounting Oversight Board released a document Tuesday with information for auditors and audit committees about audits involving cryptoassets, such as Bitcoin and other digital currencies.

The International Auditing and Assurance Standards Board released guidance for auditors to consider when issuing audit reports amid the COVID-19 pandemic.

Some things remain constant for auditors, even when everything else is changing.

The U.K.’s Financial Reporting Council has opened an investigation into Ernst & Young LLP’s auditing of NMC Health Plc, the Middle Eastern hospital operator facing fraud allegations.

EY leads among the largest auditors in the first quarter of 2020.

The auditing profession is responding to the novel coronavirus pandemic by adjusting how it conducts audits, and that’s evident in the Center for Audit Quality, whose CEO, Julie Bell Lindsay, took over the leadership job when the priorities for the profession and the CAQ looked far different.

An independent audit into Wirecard AG concluded that it was unable to obtain the data needed to confirm past revenues, and criticized the payment processor for internal “shortcomings” and unwillingness by its third-party partners to contribute to the report.

KPMG and one of its senior partners have been reprimanded and fined 455,000 pounds ($560,000) for failings in its audit of a U.K. company, the latest sanction against the Big Four auditor in recent years.

A better audit isn’t measured by the number of forms completed.