Audit preparation

Already reeling from a $4.5 billion bill to save its ailing No. 1 lender, Ukraine is now bracing for an even costlier rescue, and says audits by PwC’s local office were instrumental in the bank’s failure.

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.

Thomson Reuters has begun providing a certificate program that explains the essentials for practitioners who perform compilation, review and preparation engagements, and how to prepare for peer review.

As more companies come under pressure to rotate their auditing firms, particularly in Europe, a new report finds companies that have changed auditors may be feeling some buyer’s remorse.

The event will focus heavily on risk management and cybersecurity.

Accountants can build workpapers by linking from the Microsoft spreadsheet platform to data from the audit software’s trial balance section.

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.