Control Deficiency Communications Addressing Certain Communication Issues
In implementing the clarified auditing technical literature, questions have been raised as to how control deficiency communications should be developed to satisfy a new requirement to communicate the potential effects of significant deficiencies and material weaknesses in internal control
Published on October 23, 2013
SAS No. 115 Audit Risk Alert Guidance
...the Audit and Attest Standards Staff, has released some implementation guidance that should be very helpful to practitioners in their efforts to appropriately-implement the new SAS No. 115, control deficiency evaluation and communication requirements
Published on February 18, 2009
Online Banking Considerations in a Financial Statement Audit
Our report explains three steps recommended for every audit related to understanding the nature and controls over online treasury management
Published on February 18, 2015
Examing Internal Control in an Integrated Audit
...and material weaknesses noted in performing financial statement audits. The “companion” document related to internal control issues is in SSAE No. 15
Published on November 12, 2008
New Guidance for Compilation/Review Engagements
At its November 2009 meeting, the Accounting and Review Services Committee [ARSC] voted to finalize SSARS No. 19, entitled Compilation and Review Engagements.
Published on November 25, 2009
Auditing Financial Statements of NFP Entities Some Clarified Auditing Standards Requirements
Since it is not uncommon for not-for-profit [NFP] entities to have September 30 fiscal year-ends, many auditors now are planning to implement the clarified auditing standards in NFP entity audits for the first time.
Published on June 19, 2013
Audit Planning Issues The Importance of Risk Assessment
Discussions in these materials are focused on some of the more common pitfalls and issues associated with the risk assessment process and on providing a refresher on some of the key points that need to be addressed in implementing the risk assessment technical literature requirements.
Published on January 15, 2014
Update from the 2014 National Construction Industry Conference
This report provides an update on some of the key A&A issues discussed at the 2014 National Construction Industry Conference.
Published on January 25, 2015
Revenue Recognition Convergence is Achieved What is Next
On May 28, 2014, the FASB and IASB issued a final, substantially converged revenue recognition standard. The revenue recognition standard, Accounting Standards Update [ASU] 2014-09, Revenue from Contracts with Customers, will substantially replace the numerous industry based accounting and audit guides, which have been codified in the FASB Accounting Standard
Published on June 18, 2014
SSARS No. 19 Reporting on Personal Financial Statements
In developing SSARS No. 19 and the related AICPA Guide, special issues associated with compiling and reviewing personal financial statements [PFS] are not addressed.
Published on September 14, 2010