Exposure draft for Compilations

Contains three proposed standards, released by the  AAICPA Accounting and Review Services Committee.    Comments are due by May 2014.   http://www.aicpa.org/Research/ExposureDrafts/CompilationReview/DownloadableDocuments/20131023a_SSARS_ED_Prep_Comp_Assoc.pdf

Auditing revenue standard

to possibly be on the horizon.   Some of this is due to the issuance of the recent effort by FASB and IASB to have a converged revenue standard slated for release in last quarter of 2013.   Thus a call for auditing standard....    http://journalofaccountancy.com/News/20138999.htm

Second report by PCAOB on internal controls

as per this article.   Links to the staff report are therein. http://journalofaccountancy.com/News/20138988.htm

Censured auditor still worked

Deloitte still used the former partner as an associate, even though he had been censured by the PCAOB.   When caught, the firm pays the fine.   http://retheauditors.com/2013/10/23/only-money%e2%80%94deloitte-pays-another-fine-and-then-moves-on/

A research piece showing audits differ

depending on the engagement partner.  The research tracked aggressive and conservative audit styles to the partner.     http://www.complianceweek.com/audits-differ-by-engagement-partner-research-says/article/317291/

PCAOB Investor Advisory Group suggests changes

to the inspection process.   Frustrations related to being able to tell if the quality control processes of firms are improving along with other suggestions are discussed.  http://www.complianceweek.com/investor-want-transparent-audit-inspection-reports/article/316877/