2013 changes - a quiz

A couple of these items relate to auditing, so test yourself....were you paying attention in 2013?
 http://journalofaccountancy.com/News/20139338.htm

Management's evaluation of internal controls

SEC and PCAOB to look closer at management's evaluation of internal controls.   Suggestion is made to "dust off" the SEC 2007 interpretive guidance in the area.    http://www.complianceweek.com/sec-ponders-management-failures-on-internal-control/article/324939/

Look at more than cost when switching auditors

this blog post emphasizes the importance of auditor independence http://blogs.wsj.com/cfo/2013/12/09/auditor-switches-may-get-closer-look/?mod=djemCFO_h

Nonaudit services and consulting

PCAOB to pick up the topic of nonaudit services and consulting to examine issues related to audits.
http://journalofaccountancy.com/News/20139220.htm

Continuous auditing and monitoring

What firms are doing and can do with continuous auditing and monitoring
http://www.aicpa.org/InterestAreas/FRC/AssuranceAdvisoryServices/DownloadableDocuments/Whitepaper_Current-State-Continuous-Auditing-Monitoring.pdf

2013 release of corrupt countries

The report of Transparency International was released - some changes since last year.  The article also contains a link to the full listing.  http://www.complianceweek.com/2013-corruption-perceptions-index-lists-most-corrupt-countries/article/323602/

Audit Partner information over time

Researchers and investors could track this information  if it is made public.  Comment letters are solicited through Feb 3.  http://journalofaccountancy.com/News/20139200.htm

Debate on naming audit partner to ensue per PCAOB proposal

See the attached article which provides discussion and context http://journalofaccountancy.com/News/20139121.htm

Audit quality problems discussed

in this post   http://grumpyoldaccountants.com/blog/2013/11/26/paper-tiger-becomes-tony-the-tiger-theyre-grrrreat

PCAOB to consider engagement partner name

being included.   This standard hearkens back to discussions in 2011  http://journalofaccountancy.com/News/20139174.htm