Testing payroll during an audit can be a tedious manual process, the kind of grunt work that has long been viewed as the “dues” paid by young auditors before they advance in their careers. Recently, ...

Henry Wadsworth Longfellow once said, “It takes less time to do things right than to explain why you did them wrong.” However, many audit firms think about quality as a task carried out at the end of ...

In a six-point plan released May 14, the AICPA describes extensive ongoing and new efforts to improve audit quality. Continued improvement in the quality of audits has long been a core focus of the ...

High-quality audits are essential to capital market operations. These audits are planned and executed by highly skilled, independent auditors in consultation with independent audit committees. In turn ...

Tone at the top and appropriate deployment of personnel are among the most important indicators of a quality audit, according to a survey of CPA firms performed by the AICPA. The Practice Monitoring ...

The processes you use to order merchandise for your company are vital to control risks, prevent fraud, ensure maximum savings and maintain regulatory requirements. You should develop a checklist to ...

Quality inspectors at Boeing, angry at management’s plan to streamline and automate some quality-control processes with fewer inspectors overseeing the work of mechanics, point to a recent ...

Audit partners’ professional skepticism varies from high to low as the relationship between the partner and the audit client continues year after year, according to a study available at ssrn.com.