All Audit Alert articles

  • Article

    Auditors tasked to study revenue readiness at year-end


    Auditors are under clear orders from their regulators to show no mercy in their assessment of corporate transition to the new revenue recognition rules.

  • Blog

    PCAOB alerts auditors to scrutinize revenue recognition


    The PCAOB is putting auditors on notice to take a careful look at the work companies have done to implement the new revenue recognition standard.

  • Blog

    PCAOB practice alert finds rash of doctored audit files


    The PCAOB this week published a staff audit practice alert emphasizing that improperly altering audit documentation in connection with a PCAOB inspection or investigation violates PCAOB rules requiring cooperation with its oversight activities and can result in disciplinary actions with severe consequences. “Evidence identified in connection with certain recent oversight ...

  • Blog

    PCAOB Issues Fresh Warnings on Risk


    Image: The PCAOB has issued a report describing the deficiencies it sees in how audit firms implement and comply with risk assessment standards. “Because risk assessment underlies the entire audit process, it is critical that audit firms address these findings of weaknesses in compliance with the risk assessment standards,” said ...