Service Organization Control (SOC) Reporting Focusing On Some Engagement Issues
In 2011, to provide the framework for practitioners to examine controls and to help management understand the related risks, the AICPA established three Service Organization Control® [SOC] reporting options [SOC 1, SOC 2 and SOC 3 reports
Published on January 15, 2014
Progress Report PCAOB Inspections of Broker-Dealer Audits
The Public Company Accounting Oversight Board (PCAOB) recently announced in their third progress report that they continue to find a high degree of independence problems and other deficiencies in audits of broker-dealers.
Published on August 19, 2014
Audits Versus Examinations A Primer And A Look At Forthcoming Changes
Many practitioners have been performing attest engagements for their clients under the SSAEs for years. However, practitioners are sometimes asked to perform an examination of subject matter where, depending on the subject matter, it is sometimes unclear what standards should be followed.
Published on March 19, 2014
Employee Benefit Plan Audits Addressing Some General Audit Considerations
In planning, performing, and reporting on 2012 and subsequent year employee benefit plan [EBP] audits, the new clarified auditing standards now fully are in play and implementation of those standards will have a significant impact on audit engagements.
Published on July 17, 2013
Employee Benefit Plan Audit Update DOL Developments and New Reporting and Disclosure Recommendations
Recently, the Employee Benefits Plan Security Administration has performed an assessment of firm quality based on firm size and provided their findings and suggestions. In addition, the Financial Reporting Executive Committee of the AICPA released an overhaul of the Employee Benefit Plan Accounting and Auditing Guide that includes several financial
Published on July 16, 2014
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