Content by Larry Perry CPA

on 09/17/14
Read more from Larry Perry here and in the Today's World of Audits archive.In my last article, I summarized major differences between principles in U.S. GAAP and the Financial Reporting...
on 09/09/14
Read more from Larry Perry here and in the Today's World of Audits archive.Auditing investments requires understanding applicable standards in the reporting framework selected by...
on 09/02/14
Read more from Larry Perry here and in the Today's World of Audits archive.As RMM (the combination of inherent and control risk) increases, more and better evidence is needed to evaluate...
on 08/27/14
Read more from Larry Perry here and in the Today's World of Audits archive.Since the AICPA's Financial Reporting Framework for Small- to Medium-sized Entities (FRF for SMEs) and some...
on 08/19/14
Read more from Larry Perry here and in the Today's World of Audits archive.In my previous article, I discussed auditing standards and the impact of the assessed level of risk of material...
on 08/14/14
Read more from Larry Perry here and in the Today's World of Audits archive.Special purpose frameworks normally include the cash or modified cash basis, income tax basis, statutory or...
on 08/06/14
Read more from Larry Perry here and in the Today's World of Audits archive.In my last article, I outlined the basic accounting standards for cash with reference to requirements from U.S...
on 07/30/14
Read more from Larry Perry here and in the Today's World of Audits archive.Learning "how" to audit cash is mainly learning "when" to audit cash and to "what...
on 07/24/14
Read more from Larry Perry here and in the Today's World of Audits archive.AU-C Section 800, Special Considerations—Audits of Financial Statements Prepared in Accordance With...
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...

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