Audit Sampling Guidelines and Reference Materials for Internal Auditors
Review authoritative guidance for audit sampling and the potential for external auditor reliance on internal auditors. Understand and apply concepts related to audit sampling to project results with certainty. Available reference materials include AICPA Codification of Statements, AICPA Audit Guide,
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Efficient Data Analytics Benefits for Audits
Data analytics plays a crucial role in enhancing audit efficiency, as recognized by the AICPA. Using tools like Generalized Audit Software (GAS) and applications such as IDEA and Excel can significantly reduce the time and complexity of conducting audit tests. IDEA pre-programmed queries offer a men
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CBIZ & MHM Executive Education Series 2019 AICPA EBP Conference Summary
In the Executive Education Series by CBIZ & MHM, key information from the 2019 AICPA EBP Conference is highlighted. The session covers aspects of tax, audit, attest, and advisory services provided by over 2,900 professionals nationwide. The webinar offers CPE credit and emphasizes the need for detai
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Overview of Recent Auditing Standards and Guidance
The content discusses recent developments in auditing standards, including the release of SAS 145 by the AICPA and an Audit Guide on Risk Assessment. It also highlights various SAS numbers, topics, effective dates, and sections affected, providing insights into the evolving landscape of auditing pra
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Best Practices for Independence in Implementing FASB ASC 606
Independence considerations are crucial when assisting attest clients with FASB ASC 606 implementation. General requirements and dos and don'ts must be followed to maintain independence. Factors to assess independence include client responsibility, training provided, and extent of involvement. Audit
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Importance of Ethics in Professional Practice
Ethics play a crucial role in guiding behavior and decision-making in professional settings. While laws set certain standards, ethics go beyond mere legality to define what is morally acceptable. Teaching ethics is essential, as shown by research in various fields such as public accounting. Codes of
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Overview of the CPA Exam and License Process
The CPA Exam is a crucial step toward obtaining a CPA license, allowing individuals to practice as CPAs in the U.S. The exam is regulated by the AICPA and administered by NASBA and Prometric. To become a CPA, one must meet specific education, examination, and experience requirements set by individua
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