The AICPA Auditing Standards Board (ASB) on Wednesday issued a new auditing interpretation to address how the auditor might report when the audit is conducted in accordance with both generally ...

The American Institute of CPAs’ Accounting and Review Services Committee has issued a new standard for accounting and review services as part of an effort to align its standards with both ...

DEBATE HAS RAGED FOR YEARS i n financial and accounting circles over issues of independence, auditing and accounting standards, and corporate governance. In the event of an auditing malfeasance trial, ...

In the accounting profession, the concept of materiality in financial reporting comes from two distinct areas: Generally accepted accounting principles (GAAP), and generally accepted auditing ...

The Securities and Exchange Commission has settled with New Orleans-based auditor Luther Speight and Company and its principal Luther Speight for violating the antifraud provisions of the Securities ...

An auditor must make key decisions regarding what controls to trust, what controls to inspect and what weight to place on all the tests associated with auditing the financial practices of a company.