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CAQ Reminds Auditors of Hot-Button Audit Issues

Tammy Whitehouse | December 4, 2014

Auditors are under yet another reminder, this time from the Center for Audit Quality, that their year-end work should include some careful attention to difficult, complex audit issues.

fornelli-cindy-updatedThe CAQ published an alert to auditors to summarize the hot audit issues that should be top of mind for auditors as the prepare to dig into year-end financial statement and internal control audits. “This alert summarizes potential areas of risk and can be a useful resource for our auditing firm members as they head into the 2014 audit cycle,” said Cindy Fornelli, executive director of the CAQ, in a statement. She indicated the CAQ intends to update the alert annually.

The alert covers the latest concerns that have been raised...

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