Accounting and Auditing Update
Over the last four months
AICPA Issues Guidance on Performing Third-party Assessment Engagements
The AICPA issued new non-authoritative guidance in January 2021 for CPA firms that perform third-party assessment engagements
Using Data Analytics to Transform Audits
Technology continues to advance rapidly, but audit procedures are in many ways the same as they’ve always been. New technologies can create opportunities for auditors to improve audit quality and efficiency.