Reorganized
auditing standards go into effect at end of 2016.
The audit examination will be conducted in accordance with generally accepted
auditing standards and the standards for financial and compliance audits contained in the Government
Auditing Standards issued by the U.
The Public Company Accounting Oversight Board has issued for public comment a proposal for the reorganization of PCA0B
auditing standards, as well as certain related amendments to its rules and standards.
The
Auditing Standards Board has issued two exposure drafts resulting from its Clarity (comment periods end Aug.
That reporting relationship provides organizational independence, which is what is called for by the Government Accountability Office's Generally Accepted Government
Auditing Standards.
The performance audit team followed government
auditing standards (the Yellow Book) and conducted the review in a manner consistent with the code of ethics and standards issued by the International Organization of Supreme Audit Institutions.
Carmichael is effectively charged with overseeing the redrawing of the nation's
auditing standards.
The Sarbanes-Oxley Act expressly directs the Board to establish
auditing standards that require registered public accounting firms to prepare and maintain audit documentation for at least seven years, "in sufficient detail to support the conclusions reached" in the auditor's report.
On February 3, 1994, Tax Executives Institute filed the following comments with the Internal Revenue Service on the IRS's draft Generally Accepted
Auditing Standards for the Coordinated Examination Program.
Iternational Standards on Auditing (ISA) are targeted for convergence with existing
auditing standards in the United States and other countries.
The
Auditing Standards Board has issued the following exposure drafts as part of its Clarity:
