Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. The Auditing Standards Board (ASB) ...

The International Auditing and Assurance Standards Board has released a revised standard for compilation engagements, specially enhanced for the needs of small and midsized entities. The International ...

Significant changes to the standards for compilation and review engagements will soon take effect. The AICPA’s Accounting and Review Services Committee (ARSC) issued Statement on Standards for ...

Three new standards the AICPA Accounting and Review Services Committee (ARSC) voted Thursday to propose would help practitioners clearly distinguish between preparation and reporting services. ARSC ...

The American Institute of CPAs is getting ready to roll out its long-awaited update of compilation and review standards for CPAs, Statement on Standards for Accounting and Review Services No. 21 ...

What are Generally Accepted Auditing Standards (GAAS)? A set of standards and principles that ensures a company's audit conforms to set quality standards and meets the audit's objectives. The ...

With the busy tax season, a controversial issue that seems of interest to everyone in the accounting profession is the requirement by the Board of Accountancy (BOA), under BOA Resolution 3-2016, for ...

The Professional Regulatory Board of Accountancy (BOA) has been mandated to monitor the conditions affecting the practice of accountancy and adopt such measures, including the promulgation of ...

Assuming audits are the most complex and expensive, why would a company consider having an audit? First of all, audit engagements are painful by nature. Most clients enjoy them about as much as going ...