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

Dec
19
Auditing standards encourage a "top down" approach to understanding an entity's internal control, i.e. focusing on key controls first.
Dec
12
For all audit engagments, documentation must evidence compliance with the requirements of applicable SASs.  Because SASs are written to be applicable to audit engagements of all sizes, compliance for a small audit engagement will like
Dec
05
Risks at the entity level may come from external factors such as changes in technology, customer’s needs, competition, regulations or laws and the economy.  At the entity level, risks also arise from internal factors such as inf
Dec
05
While smaller entities don’t normally have a written code of conduct, larger organizations are establishing these codes.  Publically-held companies, issuers under the Sarbanes-Oxley Act, are required to establish and communicate
Nov
26
Underpinning the accounting system and the internal control activities of an entity is the control environment.  The control environment includes management's attitudes and other factors such as integrity and ethical values, commitmen
Nov
26
As originally described in SAS No. 55, the internal control structure was comprised of an organization's accounting system, control environment and control procedures.  While SAS No.
Nov
21
SAS No. 109, Understanding the Entity, Its Environment and Assessing the Risks of Material Misstatement, states:
Nov
21
In SAS No. 107, audit risk at the account balance or transaction class level has three components.
Nov
14
The subjective level of risk at the financial statement level, best described as high or low, can significantly affect the audit strategy, including the nature, extent and timing of procedures, and the staffing and supervision of the engageme

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Steve Knowles has spent 25 years in business and practice in the UK, but he also worked in the states and the years haven't dulled his way of seeing an alternative view to everyone else, and every day is a new adventure.

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Joel M. Ungar, CPA is a lifelong resident of the Detroit area and a graduate of The University of Michigan. He is a principal with Silberstein Ungar, PLLC, a Top 15 auditor of SEC public reporting companies.

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Allan Boress, CPA, with over 25 years as a practitioner and consultant to the accounting profession. Mr. Boress is the author of 12 published books in 6 different languages, including a best-seller, The "I-Hate-Selling" Book.

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Larry Perry, CPA, CPA Firm Support Services, LLC, is the author of accounting and auditing manuals, author and presenter of live staff training seminars, and author of webcast and self-study CPE programs. He blogs about small audits, reviews, and compilations.

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Sandra Wiley, COO and Shareholder, is ranked by Accounting Today as one of the 100 Most Influential People in Accounting as a result of her prominent role as an industry expert on HR and training as well as influence as a management and planning consultant. She is also a founding member of The CPA Consultant's Alliance. Sandra is a certified Kolbe™ trainer who advises firms on building balanced teams, managing employee conflict and hiring staff.
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Rita Keller is a nationally known CPA firm management consultant, speaker, author, mentor and blogger. She has over 30 years hands-on experience in CPA firm management, marketing, technology and administrative operations.

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Stacy Kildal is the mom of two fantastic kids, an Advanced Certified QuickBooks ProAdvisor, Certified Enterprise Solutions ProAdvisor, Sleeter Group Certified Consultant, a nationally recognized member of the Intuit Trainer and Writer Network, and co-host of RadioFree QuickBooks.
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Sue Anderson has 30 years of experience in continuing education for accountants. Currently she is the program director for online CPE provider CPE Link.

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AccountingWEB is more than just a U.S. team of journalists and financial and technology experts - we have an international side, too! Members of our British team who publish AccountingWEB.co.uk share their ideas, insights, and perspectives from across the pond.

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