Audit 1  5554db821c58b

August 4, 2015 

Center for Audit Quality Funds Research by U. Wisconsin Professor

A new research project by the Wisconsin School of Business aimed at providing auditors, regulators, and policy-makers with a model for understanding and interpreting audit studies is one of three projects to receive funding from the Center for Audit Quali

ThomsonReuters_image

August 3, 2015 

Free Report Focuses on Compliance with New SSARS 21 Standards

A new report called The Potential Pitfalls of SSARS 21 is now available from Thomson Reuters Checkpoint. The report focuses on significant changes to the Statements on Standards for Accounting and Review Services (SSARS) to help CPAs avoid potential ...

Audit 1  5554db821c58b

July 27, 2015 

AICPA Makes Major Revisions to Key Audit Guides

The 2015 edition of the AICPA Audit Guide, Government Auditing Standards and Single Audits, is an indispensable resource for auditors performing single audits of federal expenditures, as well as audits performed in accordance with Government Auditing ...

 IRS Changing Identity Theft Policy to Combat Tax ID Threats

July 22, 2015 

IRS Changing Identity Theft Policy to Combat Tax ID Threats

If you have ever had a client facing identity theft, you know that the first thing they want to find out is what specific information was compromised. But, until recently, the IRS has had a policy in place that prevented identity theft victims from ...

 IRS Has Material Weakness in Internal Controls Over Unpaid Tax Assessments

July 22, 2015 

IRS Has Material Weakness in Internal Controls Over Unpaid Tax Assessments

The Internal Revenue Service (IRS) is currently planning activities to address a recurring financial material weakness in its internal control over unpaid tax assessments.  However, planning for the Customer Account Data Engine 2 (CADE 2) Transition State 2 (TS2) has not included specific actions and activities necessary to guide new system development efforts and to...…

Isaac M. O'Bannon