Note that "GAAS" includes accounting standards established by various accounting organizations, including GAAP. The Public Company Accounting Oversight Board explains that an audit report may also ...

Average audit fees increased 4.25 percent from 2017 to 2018, going from an average of $2,220,251 in 2017 to $2,314,703 in 2018, mainly driven by new standards from the Financial Accounting Standards ...

PricewaterhouseCoopers has released a report on the firm’s efforts to improve audit quality. The report, “ Our focus on audit quality,” highlights the factors that could have an impact on audit ...

Education LR5 school district drops accounting firm behind controversial audit By Bristow Marchant May 10, 2023 2:22 PM Lexington-Richland District 5 Lexington-Richland District 5 ...

An accounting audit trail incorporates all paperwork and electronic evidence that shows the operational journey a transaction goes through from the day corporate personnel sign the underlying ...

The inclusion of critical audit matters in the auditor’s report is effective for large accelerated filers for fiscal years ending on or after June 30, 2019. It is effective for audits of all other ...

The unqualified report also reflects that any changes in accounting policies have been considered in the financial statements. This opinion does not offer a view on whether a business is in good ...