A Video Explanation of the Various Governmental Auditing Standards
If you perform governmental audits, you know that different governmental auditing standards can come into play. In this video,…
Demystifying Group Audits: Key Definitions and Requirements
SAS No. 149, Special Considerations — Audits of Group Financial Statements (Including the Work of Component Auditors and Audits of…
Five Powerful Ideas to Test for Fraudulent Payments
Are you looking for ways to test for fraudulent payments? Here are five ideas.
Audit Mistakes: Seven Deadly Sins
Seven deadly audit sins can destroy you. These audit mistakes kill your profits and effectiveness. You just completed an…
Reporting Duties When No Internal Control Issues are Noted
This article tells you what to report when there are no internal control issues. I discuss AICPA and Yellow Book guidance.
Tips for Communicating with a Predecessor Auditor
Communicating with a predecessor auditor can be trying. Even so, audit standards require that you (at least try to)…
Client Acceptance: How to Do It Right
Client acceptance and continuance may be the most critical step in an audit, but it’s one that gets little…
Understand Single Audits in Five Minutes: a Video Overview
Here’s a Single Audit overview in five minutes. This video provides an overview of what a Single Audit is…
See Why a Test of Controls Can be Helpful or a Waste of Time
Auditors sometimes waste precious time testing controls when it may not be necessary. But in some engagements, it may be needed.