Successful Peer Reviews – Part 2
When it comes to “delivering quality audits that result in successful peer review”, there are strategies that firms should consider. We made that statement at…
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AICPA’s Ethics Committee Revises Independence Interpretations
The Professional Ethics Executive Committee (PEEC) of the AICPA has published revisions to two Independence Rule Interpretations (a) “Information System Services and Information Systems,” and “State…
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Using A Knowledge-based Audit Methodology To Overcome Common Audit Missteps- AICPA Engage 2019
Wolters Kluwer Tax & Accounting Highlights How a Knowledge-based Audit Methodology Can Help Overcome Common Audit Missteps Cathy Rowe, CPA, CA and Director of Accounting…
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Successful Peer Reviews – Part 1
When it comes to “delivering quality audits that result in successful peer reviews”, there are strategies that firms should consider. Fortunately for our readers, this…
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AICPA Proposes Amendments to Materiality Standards
The AICPA’s Auditing Standards Board (ASB) has issued an exposure draft of a proposed Statement on Auditing Standards (SAS) and a proposed Statement on Standards…
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A Closer Look: Comparing the New Auditor Reporting Standards
AICPA Auditor Reporting Standards Issued The recent issuance of the AICPA’s suite of new auditor reporting standards marks the culmination of auditor reporting standards projects…
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SEC Commissioner Peirce Discusses SEC Proposal to Change SOX 404(b)
SEC Commissioner Hester M. Peirce recently discussed SEC rulemaking and its current agenda. As part of her remarks, Peirce discussed the SEC’s recent proposal to…
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FASB Simplifies the Accounting for Goodwill and Certain Identifiable Intangible Assets for NFPs
The FASB issues Accounting Standards Update (ASU) No. 2019-06, Intangibles—Goodwill and Other (Topic 350), Business Combinations (Topic 805), and Not-for-Profit Entities (Topic 958): Extending the Private…
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GASB Revises Standards to Improve Reporting of Conduit Debt Obligations
The GASB has issued Statement No. 91, Conduit Debt Obligations. Statement 91 provides a single method for government issuers to report conduit debt obligations and related commitments.…
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A Closer Look: SEC Proposal to Re-invent Quarterly Reporting
SEC Proposal to Re-invent Quarterly Reporting The SEC issued a Concept Release in December 2018 focused on interim reporting by US companies (the “Concept Release”.) Concept…
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