A&A news from around the web: March 12 – 16, 2018

Written on Mar 14, 2018

Why it’s difficult to make money on small audits
Small firm practitioners can offer lots of answers as to why it is difficult to profit from small audits. Ever-changing professional standards, increasing quality control requirements, using standard “one-size-fits-all” audit documentation and increasing legal liability to name a few. The problem is that knowing the answer doesn’t solve the problem!

ASB issues auditing interpretation on dual reporting
The AICPA Auditing Standards Board (ASB) has issued an interpretation to help auditors comply with reporting requirements under both AU-C Section 700 and PCAOB Auditing Standard No. 3101.

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