Content by Larry Perry CPA

on 07/17/14
Read more from Larry Perry here and in the Today's World of Audits archive.Audits of all types of reporting frameworks will benefit from the effective use of analytical procedures in...
on 07/09/14
Read more from Larry Perry here and in the Today's World of Audits archive.Quality control practice aids purchased from major publishers are excellent tools to support the engagement...
on 07/01/14
Read more from Larry Perry here and in the Today's World of Audits archive. Practice aids purchased from major publishers normally include a form designed to facilitate the aggregation...
on 06/25/14
Read more from Larry Perry here and in the Today's World of Audits archive.SAS No. 39, amended by SAS No. 111 and included in the Clarified SAS, Audit Sampling (AU-C 530), ...
on 06/19/14
Read more from Larry Perry here and in the Today's World of Audits archive.Calculating financial statement materiality levels under the auditing standards is framework neutral. The...
on 06/12/14
Read more from Larry Perry here and in the Today's World of Audits archive. Part 1 of this article is also archived.A Planning Document is a cost-efficient way to document inquiries from...
on 06/05/14
Read more from Larry Perry here and in the Today's World of Audits archive.In an auditor's design of cost-beneficial audit strategies, consideration of the nature, extent and timing...
on 05/28/14
Read more from Larry Perry here and in the Today's World of Audits archive.Paragraph A2 of AU-C 500 of the Clarified Auditing Standards reads:Most of the auditor's work in forming...
on 05/22/14
Read more from Larry Perry here and in the Today's World of Audits archive.The system's walk-through procedure is often the most cost-efficient, annual risk assessment procedure...
on 05/14/14
Read more from Larry Perry here and in the Today's World of Audits archive.While documentation of an entity's financial reporting system and internal control system may take many...
on 05/08/14
Read more from Larry Perry here and in the Today's World of Audits archive.Key controls are those elements of the five components of internal control that have a pervasive affect...
on 05/01/14
Read more from Larry Perry here and in the Today's World of Audits archive.Professional standards require an auditor to obtain an understanding of a client's business and industry,...
on 04/24/14
Read more from Larry Perry here and in the Today's World of Audits archive.One of the most significant analytical procedures is reading, or scanning, the general ledger account activity...
on 04/17/14
Read more from Larry Perry here and in the Today's World of Audits archive.The planning phase of an audit engagement of an entity using US GAAP or a special purpose framework will, with...
on 04/09/14
Read more from Larry Perry here and in the Today’s World of Audits archive.In my last article, I discussed the requirements of the Clarified Statement on Auditing Standards Terms...
on 04/03/14
Read more from Larry Perry here and in the Today’s World of Audits archive.For some auditors, obtaining engagement letters has become a routine procedure. Copying the letter format...
on 03/27/14
Read more from Larry Perry here and in the Today’s World of Audits archive.The purpose of the pre-engagement meeting is to create tentative plans for an audit. The engagement leader...
on 03/19/14
Read more from Larry Perry here and in the Today’s World of Audits archive.SQCS No. 8, effective January 1, 2012, requires that a CPA firm establish and document policies and...
on 03/11/14
Read more from Larry Perry here and in the Today’s World of Audits archive.As one of the first steps in pre-engagement planning, the review of the prior year’s audit...
on 03/05/14
Read more from Larry Perry here and in the Today’s World of Audits archive.In my last article, I presented an overview of one of the first steps in the preplanning phase of an audit...

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