Effective Risk Management and Control

Check out the IIA position paper on the three lines of defense. 
https://na.theiia.org/standards-guidance/recommended-guidance/Pages/The-Three-Lines-of-Defense-in-Effective-Risk-Management-and-Control.aspx

New Anti-Fraud Website

The Anti-Fraud Collaboration  website is a newly released resources.   As described on its website, the site represents the collaborative efforts of the CAQ, Financial Executives International, IIA, and the National Association of Corporate Directors organizations that actively engage in efforts to mitigate the risks of financial reporting fraud. The goal is to promote the deterrence and detection of financial reporting fraud through the development of tools and other resources targeted to the roles and responsibilities of participants across the financial reporting supply chain.  http://www.antifraudcollaboration.org/

IAASB framework to Improve audit quality

PCAOB, IAASB, and Center for Audit Quality (CAQ) looking for ways to improve audit quality.   A link to the IAASB's newly released framework is within this site, as well as a brief discussion of the PCAOB's efforts and the CAQ (AICPA).   Article is located at http://journalofaccountancy.com/News/20137239.htm

Is PCAOB applying sufficiently rigorous economic analysis

A U.S. House panel is probing whether the country's primary audit watchdog is doing enough to weigh the economic impact as it considers new regulations for the nation's auditors.  http://www.reuters.com/article/2013/01/14/us-pcaob-congress-idUSBRE90D14I20130114

Informing audit committees about PCAOB Inspection results

This article  released by the executive director and senior director of the Center for Audit Quality discusses some of the issues that emerged from the 2012 PCAOB released pronouncement about audit committees.   What can be shared, and how should the information be discussed with the committee are items included.  http://www.directorship.com/informing-audit-committees-on-pcaob-inspection-results/

COSO Chairman to step down May 31

COSO searches for a new chairman to replace Dave Landsittel who has served for the last four years.  http://journalofaccountancy.com/News/20137140.htm

Metrics CPA firms might use

about client retention.   These are 12 qualitative matters.   http://blog.aicpa.org/2013/01/the-defining-dozen-12-metrics-cpa-firms-should-track.html#sthash.G3GxiFR5.4DevgdMR.dpbs