Audit standards

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.

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.

Cindy Fornelli, executive director of the Center for Audit Quality, talks in this podcast about her organization's recent celebration of its first decade and the trends in audits and investor confidence in the financial markets.

Cindy Fornelli, executive director of the Center for Audit Quality, talks in this video about how the changing requirements could affect the work of auditors.

A new study questions the usefulness of proxy advisory services in helping corporate boards of directors and investors decide whether to keep or change auditing firms.

The American Institute of CPAs’ Auditing Standards Board has added some new requirements.

The Public Company Accounting Oversight Board has added information on secondment arrangements to its instructions for auditing firms filing the new disclosures.

The Ernst & Young global network’s member firm charged with audit failure, noncooperation, and violations of quality control standards.

The new standard is the culmination of the efforts to clarify the various standards for performing attestation engagements.

The board member submitted his resignation to the SEC on Friday, Dec. 23, almost two years before the end of his appointed term.

Investors and regulators will benefit from a new Public Company Accounting Oversight Board regulation requiring firms to disclose the lead engagement partner on an audit, according to a new academic study.

The Public Company Accounting Oversight Board is disciplining Deloitte Accountants NV, imposing a civil monetary penalty of $300,000 on the Netherlands member of the Deloitte Touche Tohmatsu Limited network.

Countries and jurisdictions throughout the world mandate that entity financial statements be prepared using International Financial Reporting Standards, and that audits be conducted in accordance with International Standards on Auditing. Although the use of IFRS and ISAs isn’t mandated in countries such as the U.S., in our increasingly global economy, many accounting firms must now be able to address the needs of clients with reach outside the primary country in which they operate.

The Public Company Accounting Oversight Board announced a cooperative agreement with the audit regulator of Finland, the Finnish Patent and Registration Office.

The Center for Audit Quality published two new member alerts to help public company auditing firms quickly and proactively address potential risks.

The American Institute of CPAs’ Accounting and Review Services Committee has finished the last of the standards it has been redrafting and clarifying as part of the AICPA’s Clarity Project.

A consultant offers ugly truths and realistic remedies

The American Institute of CPAs’ Auditing Standards Board has issued an exposure draft of a proposed standard for auditors who are involved with securities offerings that are exempt from registration with the Securities and Exchange Commission.