This Alert is intended to remind member firms of certain auditing considerations that may be relevant for the 2013 audit cycle. The Alert identifies and discusses some of the more judgmental or complex audit areas, including those which have recently been the subject of attention and focus by regulators. While the Alert highlights certain areas for consideration, it should not be relied upon as definitive or all inclusive, and should be read together with the applicable rules, standards, and guidance in their entirety. The CAQ encourages member firms to consider the topics addressed in this Alert in executing their 2013 audits.
December 17, 2013