December 4, 2014

CAQ Alert #2014-13 - Select Auditing Considerations for the 2014 Audit Cycle

This CAQ Alert is intended to remind member firms of certain auditing considerations that may be relevant for the 2014 audit cycle.  The Alert identifies and discusses some of the more judgmental or complex audit areas, including the following:

  • Revenue Recognition
  • Going Concern
  • Internal Control Over Financial Reporting
  • Auditing Accounting Estimates, Including Fair Value Measurements
  • Engagement Quality Review
  • Professional Skepticism
  • Related Parties and Amendments to Certain PCAOB Auditing Standards Regarding Significant Unusual Transactions