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
Feb
19
You may be asking, “What exactly is a sixth sense?” Here is an example. A CPA firm partner was asked to prepare a proposal for an audit of a local non-profit organization. To learn more about the executive dir
Feb
11
The Last of the Good Ole Boys (a true story—names have been changed to protect the guilty!)
Feb
03
After spending a worthwhile week completing his firm’s staff orientation training, the firm’s newest staff person, Marv O.
Jan
28
In my live seminars, many practitioners have admitted to forms-dependency. Depending on the content of practice aids has the obvious benefit of enabling auditors to comply with the volumes of pronouncements from standard-setters.&nbs
Jan
21
We know that the engagement leader is the pinnacle of a CPA firm’s quality control system. Ultimate responsibility for the planning, performance and completion of an engagement is on the shoulders of the engagement leader. 
Jan
14
With no place to work in the office of the housing authority of a major city, the audit team was provided tables and chairs in the hallway of a renovated apartment building that connected the swinging front door with the elevators. I
Jan
07
In 1966, a book was published by two Canadian Chartered Accountants, Skinner and Anderson, entitled Analytical Auditing. The subtitle of the book was “An Outline of the Flow Chart Approach to Audits." The book was, a
Dec
17
First, let me say that planning during fieldwork is the least desirable approach for audits. The truth is, however, it happens! Engagement personnel get tied up on a problem job. The client doesn’t have required sch
Dec
10
Remember the rule substance over form? The purpose of auditing standards is to enable an auditor to obtain reasonable assurance financial statements are presented fairly in accordance with the applicable financial reporting framework
