About the term "audit failure"

PCAOB member expresses concerns about the use of the term. http://journalofaccountancy.com/News/20149822.htm

PCAOB educates about the difference

in registration versus a firm that undergoes inspections. The concern stems from noting some auditors that attempt to use the mere fact of registration as a marketing point. http://www.reuters.com/article/2014/03/17/us-usa-auditor-regulations-idUSBREA2G17C20140317

Pricing when a former auditor on the Board of Directors

http://www.complianceweek.com/study-links-audit-fee-pressure-to-quality-restatements/article/337248/ This study on audit fee pressure had an interesting exception when the ex-auditor was a member of the Board.

Identifying Group audits

The identification of group audits is a key planning activity in the audit. From there, assessment of the risk entailed in any component audits is an important consideration. This change may be relevant in terms of increased audit procedures as compared to prior years.   At a minimum, there needs to be analytical procedures performed by the group auditor even on those components deemed not significant.  http://journalofaccountancy.com/News/20149529.htm

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