Tag Archives: IAASB

SHARE: The International Auditing and Assurance Standards Board’s suggestion that auditors maintain a “suspicious mindset” was not supported in NASBA’s response to the IAASB’s discussion paper on “Fraud and Going Concern in an Audit of Financial Statements.” Auditors need to have “professional skepticism,” but the new term would not enhance their planning for fraud identification,…

SHARE: As promised by Public Company Accounting Oversight Board Chair William Duhnke at December’s Center for the Public Trust (CPT)/Baruch Conference, the PCAOB has issued a concept release on its quality control standards to reflect relevant developments affecting audit and assurance practices and firms’ quality control systems. NASBA’s Regulatory Response Committee, chaired by W. Michael…