The State Of Audit Fees, Auditor Relationship, Risk Management: FEI-FERF Report
Earlier today, results of the latest FEI-FERF report on audit fees were released. The report, sponsored by NYSE-Euronext, also includes survey results for public and private companies on the auditor relationship, and risk management.
In Brief: January 11
FEI Express Public Company Edition #84
Companies Report Signs Of Stabilization With 2009 Auditing Process
Results of FERF's annual Audit Fee Survey.
If I Were An Auditor - Lyrics
Here are the lyrics to the world's first music video about accounting filmed in the virtual world of Second Life, "If I Were an Auditor," a song parody of "If I Were a Carpenter."
If I Were An Auditor - "Liner Notes"
If I Were An Auditor: Introduction, Cast And Crew
Audit: December 09
Companies and auditors have an opportunity to review their audit work processes to improve how they can accomplish a more proficient and effective audit for next year, and the internal auditor can be an integral part of the process.
Slight Increase In 2008 Audit Fees, FERF Survey Finds
audit committees: may 09
In the wake of the financial crisis, CFOs and senior management need to understand the sea change in governance to be responsive to the audit committees’ need for greater vigilance and increased focus and intensity on the business and management of organizations.
FEI Responds To PCAOB Proposal On Engagement Quality Review
On April 23, 2009 FEI's Committee on Corporate Reporting sent a comment letter on the PCAOB's proposed standard on Engagement Quality Review.
PCAOB Issues Staff Practice Alert On Fair Value
On April 21, 2009 the PCAOB issued Staff Audit Practice Alert No. 4, Auditor Considerations Regarding Fair Value Measurements, Disclosures and Other-Than-Temporary Impairments.
PCAOB Issues Concept Release on Audit Confirmations; Baumann Named Chief Auditor
On April 14, 2009 the PCAOB board voted unanimously to issue for public comment a Concept Release on Audit Confirmations. Separately, Marty Baumann was named Chief Auditor of the PCAOB.
Gleaning Value from Internal Audits
Many forward-thinking internal audit groups have started to reinvent themselves as a more value-added (or strategic) component to their organizations. Here’s how.
No Accounting For The Holidays-Holiday Music For CPAs
Steven Zelin, "The Singing CPA," released an album entitled "No Accounting for the Holidays." Clips were provided exclusively to the FEI Financial Reporting blog.
washington insights: december 08
An overhaul of the U.S. regulatory framework — including the role of the U.S. Securities and Exchange Commission and the banking agencies — will be the focus of attention when the new Congress convenes in January.
internal controls: november 08
Is your internal audit activity doing what you and your board of directors want? If not, what steps are you taking to change it?
Treasury Advisory Committee On Auditing Profession (ACAP) Issues Final Report
On Sept. 26, 2008 the U.S. Treasury Department’s Advisory Committee on the Auditing Profession (ACAP) voted to release its Final Report.
Treasury Advisory Comm. On Audit Profession Posts Second Draft Report For Comment
At its meeting on July 22, 2008, the U.S. Treasury Department’s Advisory Committee on the Auditing Profession (ACAP) voted to publish for public comment its Second Draft Report for a 30 day comment period.
FEI 7th Sarbanes-Oxley Compliance Survey: Audit Fees, Benefit Both Up
FEI announced results of its seventh Sarbanes-Oxley compliance survey, which found that section 404 compliance cost Corporate America less in year-four than each of the first three, but audit fees were up. Also, respondents cite better audits.
PCAOB Proposes Tightening of Engagement Quality Review
The PCAOB voted on Feb. 26, 2008 to release for public comment a proposed auditing standard to tighten the requirements for auditors to conduct an Engagement Quality Review (EQR) – commonly referred to as a concurring partner or second partner review – by requiring all registered audit firms to conduct EQRs for all engagements conducted under PCAOB standards.
No Risk From U.S. Accounting Firm Concentration, Says GAO Report
internal controls: November 07
Using technology that automates testing of internal controls ensures regulatory compliance and promotes operational excellence.
Audit: October 07
While hopes are high that Auditing Standard 5 will sharply reduce audit costs, no one knows for sure. And success at multinational giants won’t necessarily carry over to smaller companies.
10 Tips for Surviving Your Next Audit