Accounting Today reports
that the AICPA’s Assurance Research Advisory Group (ARAG) has announced two awards for funding and/or research that cover assurance subjects in the CPA profession. The announcement comes after ARAG issued a request for proposals last July, noted reporter Sean McCabe. The chosen projects will explore group audits and tone at the top. “We were impressed by the range and thoughtfulness of the submissions,” stated Susan Coffey, Association of International Certified Professional Accountants’ executive vice president for public practice. “The two projects that rose to the top should result in useful insights into the behaviors and factors that can influence private company auditing. We look forward to reviewing the research when completed. It is an important facet of our comprehensive commitment to enhance audit quality."