Continuous Auditing

  Check out this 16 page assessment by the AICPA Assurance Services Executive Committee (ASEC) Emerging Assurance Technologies Task Force as it looks at the current state of Continuous Auditing  http://www.aicpa.org/InterestAreas/FRC/AssuranceAdvisoryServices/DownloadableDocuments/Whitepaper_Current-State-Continuous-Auditing-Monitoring.pdf 

Testing fraud IQ and data sets

in this Journal of Accountancy article.  http://www.journalofaccountancy.com/Issues/2012/Dec/20126200.htm

SEC Chairman Mary Schapiro stepping down

Elisse Walter to replace her.   Center for Audit Quality recognized Schapiro for her leadership during a period of turmoil in U.S. Capital Markets.  http://journalofaccountancy.com/News/20126902.htm

Study finds a woman on corporate board is

associated with greater integrity of financial reporting (fewer restatements).  Full study is reported in December 2012 issue of Accounting Horizons; this summary highlights some of the findings.   Authors surmise it to be attributed to independence issues

   http://www.accountingtoday.com/news/Women-Corporate-Boards-Encourage-Better-Financial-Reporting-64656-1.html

The PCAOB and China inspections

and document discussions are underway.  http://www.reuters.com/article/2012/11/08/us-usa-audit-china-idUSBRE8A71DR20121108

COSO paper discussing

the optimal risk taking zone.  You will find a link to the 28 page document at this CGMA site.  http://www.cgma.org/Magazine/News/Pages/20126739.aspx

Internal standards effective in the new year

bring role of internal audiors closer to the Board.  eisneramper-institute-of-internal-auditors-chief-audit-executive-standards