Audit preparation

The Public Company Accounting Oversight Board has issued a pair of new proposals: to strengthen its requirements for an auditor’s use of the work of specialists, and for auditing accounting estimates such as fair value measurements.

The new model includes discussion of 'critical audit matters,' the length of the auditor's tenure, and new standardized language and formatting.

The Center for Audit Quality's program has now funded over $600K in projects.

The Public Company Accounting Oversight Board is planning to hold an open meeting next Thursday, June 1, to consider adopting a long-discussed set of changes to the auditor’s reporting model.

The American Institute of CPAs’ Auditing Standards Board has released a new interpretation for practitioners performing attestations using more than one set of standards.

A virtual roundtable of experts looks at how technology and other trends are reshaping a core service of the accounting profession.

The Big Four firm topped all auditing firms in new engagements.

The Center for Audit Quality and the American Accounting Association’s Auditing Section have picked three new academic research projects to support by giving researchers access to audit practitioners.

The Association of Chartered Certified Accountants has released a new report calling for more professional skepticism on the part of auditors.

The Public Company Accounting Oversight Board is seeing signs of progress on audit quality in its inspections.

Audit clients stand to benefit more than they know from new developments in the field.

The Public Company Accounting Oversight Board announced six settled actions against non-U.S. accounting firms late last month for failure to report certain disciplinary or regulatory actions against them in their home country.

The American Institute of CPAs is toughening the rules after a critical report from the Labor Department about the quality of ERISA audits.

The latest version accounts for upcoming changes in accounting standards and PCAOB rules.

The Government Accountability Offices is asking for feedback on a set of proposed changes to Government Auditing Standards, commonly known as the Yellow Book, the first revision since 2011.

The head of the practice and four partners are leaving for violations of the Big Four firm’s Code of Conduct.

The move is part of a wider effort to automate the audit process, focusing it more on auditor judgement rather than the tools used to perform the task.

Big Four firm EY is using artificial intelligence to leverage the increasing flood of data to provide deep insights to audit clients.

The cloud-based audit automation solution has joined the MS Cloud Storage Partner Program.

The Public Company Accounting Oversight Board has disciplined the former chief executive officer and chairman of Deloitte’s Brazil firm for failing to cooperate with a PCAOB investigation.