Countries and jurisdictions throughout the world mandate that entity financial statements be prepared using International Financial Reporting Standards, and that audits be conducted in accordance with ...

A group of high-ranking officials in accounting and auditing standard-setting organizations discussed the changing standards for mandatory audit firm rotation, private company accounting and other ...

SQMS No. 2 is effective for audits or reviews of financial statements for periods beginning on or after Dec. 15, 2025, and other engagements in the firm’s accounting and auditing practice beginning on ...

The interrelated final standards on quality management issued in June 2022 by the AICPA’s Auditing Standards Board and Accounting and Review Services Committee are intended to clarify and improve ...

Regulators Focus on Audit Quality, New Accounting Standards and Other Developments at 2017 AICPA Conference. Thomas White, Alan Wilson. WilmerHale + Follow Contact. LinkedIn ...

Auditing Standards for Private Companies. ... Historically, the Financial Accounting Standards Board (FASB) has released GAAP standards for public companies and not-for-profit organizations.

Often, we’re tasked with citing common sources that are nevertheless receive no mention in our chosen style manuals. For College of Business students, accounting standards are one such example. The ...

In the first half of 2019, a Statement on Auditing Standards as it applies to Employee Benefits Plan audits is about to be finalized — as I write this, the Financial Accounting Standards Board ...

These standards are established by the Financial Accounting Standards Board and are found in FASB's accounting codification. Specifically, industry standards for nonprofits are located in Section ...

An introduction to government auditing is also provided, including a review of Government Auditing Standards, promulgated by the U.S. General Accounting Office (GAO). The Single Audit requirements for ...