Audit failure rate questionable

Two researchers pose their opinion of the recently touted high audit failure rate by PCAOB.    See their discussion. http://ww2.cfo.com/auditing/2014/02/pcaobs-audit-failure-rate-highly-suspect/

IAASB Audit Quality framework

International framework and audit quality http://journalofaccountancy.com/News/20149626.htm

Data mining tips for the vendor list

This short article has some things to be on the lookout for when considering fraud.
http://www.cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2014/CorpFin/review-master-vendor-list.jsp

The use of internal auditors

This standard makes use of the concept of a systematic and disciplined approach, which is based on the International Standard 610 that was modified in 2013.   For more information on the standard effective for audits for fiscal periods ending after 12/15/14 and a link to the executive summary check the following
http://www.journalofaccountancy.com/News/20149584.htm

Extended comment period for PCAOB

engagement partner Identification proposal http://www.journalofaccountancy.com/News/20149526.htm

Results from KPMG Audit Committee Institute Report

This link contains a digest of where it is recognized that audit committees feel like they are doing a good job.   But the challenges and concerns that could land a company on the front page of news relate to security issues.   http://www.complianceweek.com/the-audit-committee-conundrum-it-risks/article/331247/

European audit proposal moves ahead

Draft has been approved - final vote coming in April 2014 http://journalofaccountancy.com/News/20149495.htm