Audit standards

The Public Company Accounting Oversight Board’s recently proposed rules on auditing accounting estimates and using the work of specialists indicate the PCAOB wants auditors to view management bias more skeptically.

Fifteen years after passage of the Sarbanes-Oxley Act, companies are still finding the costs of compliance heavy in terms of both dollars and man hours, according to a new report.

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

The Institute and their Assurance Research Advisory Group (ARAG) will provide up to $15K of funding to winners.

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.

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

Mandatory change of auditing firms and engagement partners doesn’t necessarily foster greater professional skepticism, according to new research.

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.