Public company auditors remain the group investors trust most to protect their interests, but investors’ confidence in U.S. capital markets and U.S. public companies has dropped in the past year, according to a Center for Audit Quality (CAQ) survey report released Tuesday. To read the full article in the Journal of Accountancy, click: Investors Trust Auditors, But Confidence in U.S. Markets Drops.
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Areas of high attention for auditors during the 2016 audit cycle will include a new standard on naming the engagement partner as well as internal control over financial reporting. Ken Tysiac, JofA editorial director, reports that key considerations for auditors in general and auditors of brokers and dealers are discussed in two new publications by the Center for Audit Quality. To read the full article in the Journal of Accountancy, click: Top Considerations for 2016 Audit Cycle.
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PCAOB Proposes Revised Changes to Auditor’s Reporting Model The Public Company Accounting Oversight Board voted Wednesday to propose revised changes to a standard that would modify the auditor’s reporting model to give investors more information. Ken Tysiac, JofA editorial director, discusses that the proposal comes in response to comments from the public. To read the full article in Journal of Accountancy, click: PCAOB Refines Auditor’s Reporting Model Proposal.