All Accounting Estimates articles
-
Blog
PCAOB finalizes new standards on estimates, specialists
Auditors have new rules to follow in auditing accounting estimates and in relying on the work of specialists to arrive at audit opinions.
-
Blog
PCAOB prepares new proposals on estimates, specialists
The PCAOB is preparing to issue new proposals in the fourth quarter on auditing accounting estimates and using the work of specialists.
-
Blog
PCAOB sees some improvement, yet room for more
Based on its latest round of audit inspections in 2017, the PCAOB found some improvement at some firms, but still plenty of work to do to meet standards.
-
Article
Proposed rules would shore up auditing of estimates
Proposed new rules for auditors could lead to more documentation and evidence requests around accounting estimates—or not—depending on how auditors have already adapted.
-
ArticleValuation specialists rise to financial reporting challenge
Companies can expect some shift in how valuation specialists produce and document valuations underpinning financial statement assertions.
-
Blog
PCAOB floats new rules for auditing estimates, specialists’ work
Audit regulators have proposed two new standards to beef up requirements for auditors as they scrutinize accounting estimates and the work of specialists.
-
Blog
PCAOB preps final rule on audit report, proposal on estimates
The PCAOB is preparing to issue a final standard to overhaul the audit report and to propose new rules on auditing accounting estimates and using the work of specialists.
-
Blog
Accounting estimate audit risks get uneven scrutiny, study says
Auditors are scrutinizing the risk of management bias in arriving at accounting estimates, but not so much when it comes to the risk of measurement imprecision.
-
Blog
PCAOB Nears New Rule on Naming Engagement Partners
Image: PCAOB Chairman James Doty believes the board will be in a position “very soon” to finalize a rule requiring audit firms to submit a new form, Form AP, to the PCAOB naming engagement partners and other accounting firms that contribute to the final audit opinion for public companies. Doty ...
-
Blog
Ideas for Guidance on Auditing Estimates Draw Mixed Reviews
The Public Company Accounting Oversight Board is getting mixed feedback on its initial ideas for revising guidance on auditing fair-value measurements and accounting estimates. The PCAOB has received nearly 40 letters on the staff's consultation paper on the topic, some suggesting a revision of existing rules, while others suggest a ...