Auditor Materiality Documentation and Workpaper Requirements
Auditors must document materiality reasoning, not just the number, to satisfy regulatory standards.
Marcus Thibodeau
Section
Financial Audits
8 stories in Financial Audits.
Agreed-Upon Procedures Engagements vs Audit and Review Engagements
Each engagement type answers a different question, not a cheaper version of the same one.
Priya Subramaniam
Audit Quality Indicators Boards and Audit Committees Should Track
Boards can monitor audit quality through specific indicators tracked throughout the year.
Dmitri Vasilchenko
Going Concern Assessment Standards and Auditor Disclosure Requirements
Three jurisdictions are simultaneously tightening going concern rules for different audiences.
Renata Osei-Bonsu
Risk Assessment Procedures in GAAS-Based Financial Statement Audits
How risk assessment shapes which accounts an auditor tests and how deeply.
Dmitri Vasilchenko
Materiality Thresholds in Financial Statement Audits
Auditors determine materiality through structured judgment, not fixed percentages or formulas.
Priya Subramaniam
Employee Benefit Plan Audit Requirements Under ERISA and DOL Rules
Plans over 100 participants must undergo annual independent audits to verify assets and compliance.
Dmitri Vasilchenko
Internal Control Deficiency Classification and Auditor Reporting Obligations
Auditors must separately assess likelihood and magnitude to classify control deficiencies correctly.
Dmitri Vasilchenko