Preparing for Peer Reviews Some Current Issues
As practitioners are performing current-year attest engagements, they might want to be aware of some issues that most likely will be subject to increased scrutiny during their next peer review
Published on March 02, 2011
Peer Review Feedback -- Some Frequently-Encountered Deficiencies
In the peer review process, peer reviewers document areas where firms encounter difficulties in complying with attest engagement technical literature requirements
Published on June 05, 2013
The Clarified Auditing Standards Focusing on Some Initial Peer Review Findings
As auditors begin planning and performing calendar-year 2013 financial statement audits, they will be in the second cycle of using the new authoritative guidance that became effective for audits of financial statements for periods ending on or after December 15, 2012.
Published on December 18, 2013
Some Continuing Issues in Compilation & Review Engagements
...AICPA updates and compiles a listing of recurring deficiencies where the deficiencies are frequently-encountered in practice, and where the issues often are noted as a result of the peer review process
Published on January 07, 2009
Compilation & Review Engagements Focusing on Some Current Peer Review Matters
...requirements within SSARS No. 19, they might want to be aware of some issues that will be receiving a heightened level of scrutiny when they are going through their peer reviews
Published on December 21, 2011
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
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
Controversy Over the Applicability of the Disclosure Requirement of Open Tax Years Unintended Consequences and Lessons f...
This report covers the applicability of a seemingly benign, but ambiguous, disclosure requirement of FIN 48 to provide a description of tax years open to examination.
Published on March 18, 2015
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