- 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, 2018
Video, 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
- CAQ Alert #2018-01 - SEC Staff Provides Regulatory Guidance for Accounting Impacts of the Tax Cuts and Jobs ActAlert CAQ Alert #2018-01 – SEC Staff Provides Regulatory Guidance for Accounting Impacts of the Tax Cuts and Jobs Act Tuesday, January 2, 2018 This alert highlights recent guidance issued by the Securities and Exchange Commission (SEC) that is designed to assist companies in their financial reporting, while protecting investors. Please see the following: Staff...January 2nd, 2018Alert, Auditors, Audit Quality
- Episode 53 of "Profession in Focus" Features KPMG's Frank CasalVideo Episode 53 of “Profession in Focus” Features KPMG’s Frank Casal Tuesday, November 7, 2017 Episode 53 of “Profession in Focus” features Frank Casal, vice chair of audit at KPMG LLP. Casal discusses the implications of newly approved enhancements to the auditor’s report in the US, the public company auditor’s role in cybersecurity,...November 6th, 2017Video, Auditors, Audit Quality, Cybersecurity, Emerging Reporting Areas
- CAQ Alert #2017-06 - The Auditor's Report - New Requirements for 2017Alert CAQ Alert #2017-06 – The Auditor’s Report – New Requirements for 2017 Tuesday, October 24, 2017 Download PDF CAQ Alert #2017-06, The Auditor’s Report – New Requirements for 2017, outlines the requirements of the new auditing standard, AS 3101, The Auditor’s Report on an Audit of Financial Statements When the Auditor Expresses...October 24th, 2017Alert, Auditors, Audit Quality
- Episode 52 of "Profession in Focus" Features BDO's Chris SmithVideo Episode 52 of “Profession in Focus” Features BDO’s Chris Smith Thursday, October 12, 2017 Episode 52 of “Profession in Focus” features Chris Smith, BDO’s Global Head of Audit and Accounting. With over 30 years of auditing experience, Smith reflects on the evolution of public company auditing, the impact of the Sarbanes-Oxley Act...October 12th, 2017Video, Auditors, Global, Policymakers, Audit Quality
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