About the Panelists Beverly Bahlmann, CA(SA), deputy director at the IAASB; Bob Dohrer, CPA, CGMA, chief auditor at the AICPA; Shawn P. O'Brien, CPA, senior consultant for business development in…
Our Greatest Hits| The five assertions: Categories of assertions about which auditors must collect adequate evidence to support financial statement items
From The CPA Journal Archives
"Our Greatest Hits" is an effort to show our readers the most popular - and still avidly read - articles from our archives. This article…
Financial Reporting Issues for Preparers
Highlights from the 16th Annual Baruch College Financial Reporting Conference
The panel began with Thuener discussing the complexity of reporting standards from a preparer's point of view. Thuener attributed this complexity, in part, to the…
Has the DOL Pushed the ASB Too Far?
Push Back—Now!
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…
CPAJ News Briefs: FASB, IASB, and AICPA
Clarifying Accounting For Intangible Assets May Take Years
FASB News Clarifying Accounting for Intangible Assets May Take Years The accounting for intangible assets has been a contentious accounting issue for most of FASB’s…
Changes to Going Concern Disclosures
Accounting Guidance Shifts Responsibilities to Management
Historically, auditors of financial statements have been charged with the assessment of an entity's ability to continue as a going concern (see AU 341, “The…
Unsolved Problems in Auditing
A Half-Century Retrospective and Update
In Brief Auditing has been an ever-changing discipline since its birth over 100 years ago, but how much have the challenges auditors face really evolved…