SAS 143, Auditing Accounting Estimates
In this article, I explain SAS 143, Auditing Accounting Estimates and Related Disclosures, a new audit standard applicable for periods ending…
Are You Over Auditing and Wasting Time?
Are you over auditing? In this article, I explain how you can stop over auditing and wasting precious time….
Segregation of Duties: How to Overcome
Segregation of duties is key to reducing fraud. But smaller entities may not be able to do so. Today,…
Unpaid Fees and Attest Independence
Unpaid fees can impair your independence in attest engagements. This article explains changes in the Unpaid Fees interpretation in…
Internal Control Weakness Reporting
Auditors often fail to capture and communicate internal control weaknesses, even though such communications are required by the audit…
Gain Insight into Audit Opinion Types Now
In this post, you’ll gain an understanding of unmodified and modified audit opinions using the guidance from AU-C Section…
How to Audit Equity and What’s Important
Auditing equity can be simple, but it can be complex in some organizations. This article shows you how to audit equity regardless of the level of complexity.
Audit Lessons from a Brain Tumor
Did you know you can learn audit lessons from a brain tumor? Here’s my story. One day while driving,…
See Why Auditing Debt Correctly is Important
Debt can easily be the most significant liability of a company. That’s why it’s essential to understand the risks of material misstatement in this area and how to respond.