How To Develop Your Skill For Great Success And Happiness Including Become CPA? | Additional special tips From Admin
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3 areas of top concern in broker-dealer audits
Independence issues identified in the PCAOB’s 2017 staff inspections fell compared with the previous year, according to a report the board released Monday.
But the percentage of firms found to have deficiencies in their audits dropped just slightly, to 91% (68 of 75), from 97% in the previous year. The board reported that many of the audit issues identified were fundamental to conducting audits, examinations, or reviews.
Inspectors identified auditing issues with the highest frequency in the following areas:
The inspections also examined audit firms’ systems of quality control, where audit issues were found in areas such as exercising due professional care and performing engagement quality reviews.
Examining the annual report can help auditors evaluate their programs and procedures to prevent deficiencies in the future and improve audit quality, according to the PCAOB.
The report is based on PCAOB inspectors’ examinations of portions of 116 audits. Just four of the 48 audits examined for independence issues were found to have independence violations.
— Ken Tysiac (Kenneth.Tysiac@aicpa-cima.com) is a the JofA’s editorial director.
Research & References of 3 areas of top concern in broker-dealer audits|A&C Accounting And Tax Services
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A note for you if you pursue CPA licence, KEEP PRACTICE with the MANY WONDER HELPS I showed you. Make sure to check your works after solving simulations. If a Cashflow statement or your consolidation statement is balanced, you know you pass right after sitting for the exams. I hope my information are great and helpful. Implement them. They worked for me. Hey.... turn gray hair to black also guys. Do not forget HEALTH?
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