Group audits - component

http://www.journalofaccountancy.com/News/group-audits-201410712 This is the second article on group audits published by the Journal of Accountancy. This is a discussion of component materiality, and the qualitative considerations in determining materiality.

12 Principles of the Internal Audit Framework

http://www.journalofaccountancy.com/News/201410699.htm This is proposed guidance, along with a new mission statement. The 12 principles are seen to enhance internal audit effectiveness. Comments are due by Nov 3, 2014.

Preventing vendor related fraud

http://cpa2biz.com/Content/media/PRODUCER_CONTENT/Newsletters/Articles_2014/CorpFin/stealing-in-plain-sight.jsp The prevention and detection of vendor fraud are addressed in this article.

Stakeholders have different expectations

http://www.complianceweek.com/blogs/accounting-auditing-update/study-puts-internal-audit-focus-on-managing-expectations This summary and reference to the PWC report on stakeholder expectations for internal audits

PCAOB Disciplinary Actions against PWC audit partner

http://accounting.smartpros.com/x76068.xml Discussion and link to the disciplinary actions related to an improper revenue recognition audit failure

GAO identified internal control issues with IRS

http://www.accountingtoday.com/news/irs_watch/gao-sees-need-for-improvement-in-irss-internal-controls-71213-1.html The GAO report is located http://www.gao.gov/assets/670/664599.pdf

Fraud fighting steps from Crowe Horwath

http://www.cgma.org/Magazine/News/Pages/201410164.aspx?TestCookiesEnabled=redirect Keeping the balance between a warm attitude with clients and not getting "too comfortable" has never been easy. See the few steps outlined in this report.