In April 2017, the AICPA's Auditing Standards Board (ASB) issued an Exposure Draft Proposed Statement on Auditing Standards (the ED) entitled “Forming an Opinion and…
The modern marvel of Facebook and other social networking sites has been consuming the leisure time of many Americans for quite a while now, and…
Editor's Note: The following guidance applies to non–publicly held entities. Guidance for SEC issuers under PCAOB standards may differ. Agreed-upon procedures engagements are a special type…
Editor's note: The following is a supplement to the author's “Depreciable Asset Lives: The Forgotten Estimate in GAAP,” published in the September 2016 CPA Journal.…
AUD | Has the SEC Awakened a Sleeping Giant?
The Familiarity Threat to Auditor Independence
For over 50 years, observers have questioned whether auditors who provide consulting or other nonattest services to their clients can be independent, and regulators continue…