Today's World of Audits
by Larry Perry, CPA, CPA Firm Support Services, LLC - Larry has over 40 years experience as a CPA practitioner, author of accounting and auditing manuals, author and presenter of live staff training seminars and author of webcast and self-study CPE programs. He is co-founder of CPA Firm Support Services, LLC (www.cpafirmsupport.com), an organization providing resources, training and consulting to smaller CPA firms. Larry writes a weekly blog on AccountingWEB.com focusing on small audits, reviews and compilations. He is currently developing documentation manuals and handbooks for small audits, reviews and compilations and related electronic practice aids.
Latest posts
Nov
19
As we begin planning for our calendar year-end audits, we should be prioritizing both engagement quality and efficiency. Here are ten ways we can increase small audit profits in the short and long run:
Nov
07
While we know accountants and auditors are required to use professional judgment for all services, we must pay close attention to the new requirements in SSARS No.
Oct
23
You know the form. It’s the one we pull out of the prior year’s documentation, initial and date and insert in the current year’s file only to be viewed again when the next year rolls around. We know approving
Oct
17
For decades it has primarily been the larger firms that created proprietary audit documentation.
Oct
09
Most small firm practitioners can offer lots of answers as to why it is difficult to profit from small audits. Ever-changing professional standards, increasing quality control requirements, using standard “one-size-fits-all&rdq
Oct
02
As you may be aware, FIN No. 48, Uncertainty in Income Taxes, is effective for non-public and non-profit organizations for calendar year 2010. After conducting several recent seminars and discussing FIN No.
Sep
18
As clients experience financial difficulty, as receivables collections slow and as many private companies and non-profit organizations shop accounting and auditing fees, the effects of tough economic times are finding their way to CPA firm
Sep
07
While FASB is preparing to release an accounting standard clarifying management and auditor responsibilities for evaluating going concern issues, and as auditors begin to plan for calendar year 2010 audits, the effects of current economic
