Audit methodology changes

http://www.journalofaccountancy.com/news/2017/jun/audit-methodologies-will-change-in-future-201716772.html Virtual audits, continuous auditing, and data analytics

Fraud risk management quiz

http://www.journalofaccountancy.com/issues/2017/jun/effective-fraud-risk-management-programs.html See how you do! from the AICPA

Critical Audit Matters Rule

http://www.journalofaccountancy.com/news/2017/jun/pcaob-expands-auditor-reporting-duties-201716790.html Subject to SEC approval as of June 2, 2017 This article from Journal of Accountancy From the E&Y Standard Setter update: "Requiring a discussion of critical audit matters for audits of large accelerated filers in 2019 and all other filers in 2020. The standard would also require disclosure of auditor tenure and would change the discussion of the role and responsibilities of the auditor and the format of the auditor’s report. Those requirements would be effective for periods ending on or after 15 December 2017."