What is audit quality? This is not meant as a philosophical question, but rather as one that can be answered through definitions and evidence drawn…
Redefining Audit Committee Effectiveness
A Modern Playbook for Committee Chairs and Directors
IN BRIEF Within the ever-expanding scope of corporate governance, the role of the audit committee has become more important than ever. Much more is expected…
What Is Audit Quality?
Reflecting on PCAOB Member George Botic’s Four Pillars
What is audit quality? This is not meant as a philosophical question, but rather as one that can be answered through definitions and evidence drawn…
Redefining Audit Committee Effectiveness
A Modern Playbook for Committee Chairs and Directors
IN BRIEF Within the ever-expanding scope of corporate governance, the role of the audit committee has become more important than ever. Much more is expected…
IN BRIEF In the course of fulfilling its mandate to protect investors, the PCAOB has conducted inspections of public firm audits and collected this data…
IN BRIEF In the course of fulfilling its mandate to protect investors, the PCAOB has conducted inspections of public firm audits and collected this data…
Revisiting ‘Where is Public Company Auditing Headed?’
Post-Pandemic Perspectives
IN BRIEF Public company auditing is a complex and challenging area of accounting practice. The following revisits the authors' 2020 article that asked, “Where is…
A Conversation with PCAOB Chair Erica Williams
Highlights from the 23rd Annual Baruch College Financial Reporting Conference
The 23rd Annual Financial Reporting Conference, hosted by Baruch College, New York, N.Y., on May 1, 2025, brought regulators and standards setters together with financial…
In 2022, the Auditing Standards Board (ASB) issued new standards dealing with quality management (QM) that will become effective December 15, 2025. The ASB sets…
In 2022, the Auditing Standards Board (ASB) issued new standards dealing with quality management (QM) that will become effective December 15, 2025. The ASB sets…
Ensuring Integrity Highlights from the 19th Annual Baruch College Audit Conference The 19th Annual Audit Conference, hosted by Baruch College, New York, N.Y., on December…
ICYMI | An Auditor’s Perspective on Smart Contracts and DAOs
Challenges and Strategies
The Public Company Accounting Oversight Board (PCAOB) Auditing Standard (AS) 1010, Training and Proficiency of the Independent Auditor, requires that audits be performed by people…
An Auditor’s Perspective on Smart Contracts and DAOs
Challenges and Strategies
The Public Company Accounting Oversight Board (PCAOB) Auditing Standard (AS) 1010, Training and Proficiency of the Independent Auditor, requires that audits be performed by people…
Value-driven disruptive digital strategies, business models, skills, and technologies are transforming organizations of all sizes, sectors, and geographies. Digital disruption is also stressing organizational governance.…
Revisiting Information Technology Risks
Questions Every Audit Committee Should Ask
An article in the October 2012 CPA Journal outlined 10 questions audit committees should be asking about information technology (IT) risks and which “red flags” to…
In Brief The past several years have seen large sums of federal assistance directed to not-for-profit organizations in order to aid in dealing with and…
In Brief Software as a Service (SaaS) has gone from the cutting edge to a core technology for many businesses. But given the wide scope…
ICYMI | Finding Financial Experts for Audit Committees
What Compensation Can CPAs Expect?
In Brief Regulatory and market pressures have led to increased responsibilities for corporate audit committees, as well as greater demand for such members to possess…
Keys to Successful Remote Audits of Not-for-Profit Organizations
Adapting to the COVID-19 Environment
In Brief The coronavirus (COVID-19) pandemic made remote audits a necessity rather than a luxury. CPA firms have adapted to the new environment, but challenges…
Finding Financial Experts for Audit Committees
What Compensation Can CPAs Expect?
In Brief Regulatory and market pressures have led to increased responsibilities for corporate audit committees, as well as greater demand for such members to possess…
The PCAOB requires that registered audit firms adhere to an audit quality control (QC) requirement: A firm of independent auditors has a responsibility to adopt…
In Brief Public health measures taken to mitigate the spread of the coronavirus (COVID-19) pandemic have upended business operations and processes. Auditing is no exception;…
The coronavirus (COVID-19) pandemic has significantly impacted the way CPAs plan and conduct single audits. Government-mandated shutdowns forced not-for-profit (NFP) organizations to move to a…
Ensuring Integrity: Litigation and Enforcement Update
Highlights from the 15th Annual Baruch College Auditing Conference
The final session of the conference featured a discussion of litigation and enforcement issues relevant to auditors. The panelists included Ben Campbell, General Counsel, Deloitte;…
A Postimplementation Analysis of AS 3101
Examples of Critical Audit Matters from the Big Four
In 2017, the PCAOB adopted a new auditor reporting standard: AS 3101, The Auditor's Report on an Audit of Financial Statements When the Auditor Expresses an…
Ensuring Integrity: COVID-19 and Client Risk Profile
Highlights from the 15th Annual Baruch College Auditing Conference
The second session of the second day of the conference focused on the impact of COVID-19 on companies' evaluation of risk. The panelists were: Jim…
Ensuring Integrity: Auditors’ Biases
Highlights from the 15th Annual Baruch College Auditing Conference
The first session of the second day of the conference, titled “Auditors' Biases,” covered all manner of conscious and unconscious bias as well as how…
Ensuring Integrity: Critical Audit Matters
Highlights from the 15th Annual Baruch College Auditing Conference
The second session, “Critical Audit Matters” (CAM), addressed this recently implemented requirement, which represents the most significant change to audit reports in decades. The participants…
Ensuring Integrity: Regulators and Standards Setters Update
Highlights from the 15th Annual Baruch College Auditing Conference
The first session, “Regulators and Standard Setters Updates and Panel Discussion” focused on current regulatory issues facing the auditing profession. The participants included Tracy Harding,…
The 15th Annual Audit Conference, hosted virtually by Baruch College on December 1 and 2, 2020, once again brought together auditors, regulators, standards setters, and…