Examing Internal Control in an Integrated Audit
In September 2008, the Auditing Standards Board [ASB] issued two “companion” documents, where the first of those documents provides guidance related to communicating significant deficiencies 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
SAS No. 115 Audit Risk Alert Guidance
...following approval by 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
Reporting on the Design of Internal Control
As discussed in previous reports, in September 2008, the ASB issued two companion documents, where the first of those documents provides guidance related to communicating significant deficiencies and material weaknesses noted in performing financial statement audits.
Published on December 10, 2008
Successor & Predecessor Communications A Reminder
When a change of auditors is in process or has taken place, it is important for successor auditors not to accept engagements until certain communications have been made with predecessor auditors, but that requirement does not extend to review and compilation engagements.
Published on December 09, 2009
Benefit Plan Audits Some Current Considerations
As practitioners are finalizing benefit plan audit engagements, some new issues and some continuing issues need to receive some focus to ensure that financial statements are prepared appropriately and audits are performed and documented appropriately.
Published on September 30, 2009
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