- Key Updates on Audit Committee Transparency and Investor ConfidenceVideo Key Updates on Audit Committee Transparency and Investor Confidence Tuesday, February 13, 2018 What new regulations should be on the radar of boards of directors and audit committees? What improvements have audit committees made to their voluntary disclosures—and which disclosure topics demand more attention? In this episode of Inside America’s Boardrooms, CAQ...February 14th, 2018
Video, Audit Committee, Auditors, Company Management, Audit Quality, Auditor Independence - Episode 57 of "Profession in Focus" features Gilly Lord, Head of Audit Strategy & Transformation at PwC UKVideo Episode 57 of “Profession in Focus” features Gilly Lord, Head of Audit Strategy & Transformation at PwC UK Tuesday, February 13, 2018 Episode 57 of “Profession in Focus” features Gilly Lord, Head of Audit Strategy & Transformation at PwC UK. Lord discusses the impact of technological evolution on auditing, the skillsets future...February 13th, 2018Video, Auditors, Global, Preparers/Issuers, Audit Quality
- Vignette 3: Auditing Is a People BusinessIn this vignette, the audit team has identified a potential error in the income statement. On Monday evening, the engagement team realized that the income statement analytic showed a decrease in marketing expenses for the quarter and the year. However, the engagement team’s expectation was that the company would have...January 8th, 2018Video, Academics, Audit Quality
- Vignette 2: Evaluating Root Cause and Severity of a Control DeficiencyIn these vignettes, the audit team’s substantive testing detected an error in a prepaid insurance account; the company didn’t record amortization on a prepaid insurance arrangement. In the first vignette, the partner, the manager and the senior associate are discussing the design of the control over the account, how it...January 8th, 2018Video, Academics, Audit Quality
- Vignette 1: Evaluating Management Review Controls over a Goodwill Impairment EstimateIn these vignettes, the focus is on breakdowns in review controls and steps external auditors take in order to evaluate the design and effectiveness of controls. The audit manager is evaluating the management review control over goodwill impairment estimates. Vignette 1 (a): A Meeting between the Audit Manager and the Company...January 8th, 2018Video, Academics, Audit Quality
- How Auditors Approach Risk AssessmentsIn this video, the expert panel discusses the factors that auditors take into account when performing the risk assessment. The PCAOB has a suite of risk assessment standards that address audit procedures performed throughout the audit, from the initial planning stages through the evaluation of the audit results. In addition...January 4th, 2018Video, Auditors
- How Materiality Impacts the Auditor’s Risk AssessmentPCAOB auditing standards establish requirements regarding the auditor’s consideration of materiality in planning and performing the audit. This consideration is one of the most important judgments that an auditor makes. In this video, the expert panel discusses the challenges that auditors face in determining the quantitative and qualitative elements of...January 4th, 2018Video, Auditors
- Consideration of Risks in Multilocation AuditsUnder PCAOB auditing standards, the auditor should determine tolerable misstatement for the individual locations or business units. In this video, the expert panel describes some of the key challenges that auditors face in making those decisions. Download panelists’ biosJanuary 4th, 2018Video, Academics, Auditors
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