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

SEC approves PCAOB audit standard

about communication with audit commitees.   http://journalofaccountancy.com/News/20127041.htm

Clarified Auditing Standards

and some of the substantive changes made are detailed in this short blog post; report headings, opening balances and engagement letters changes are discussed.  http://blog.aicpa.org/2012/12/how-the-clarified-auditing-standards-will-affect-you.html#sthash.zPTJ7o5C.sM1EXIWF.dpbs