Current Issues in Auditing http://scitation.aip.org/ Current Issues in Auditing Auditing Standards Committee Comment Letter PCAOB Rulemaking Docket Matter No. 029: Concept Release on Requiring the Engagement Partner to Sign the Audit Report http://link.aip.org/link/?CIA/3/C11/1&agg=rss James L. Bierstaker, Randal J. Elder, Lawrence J. Abbott, Paul Caster, Steven Firer et al.<br/> Abstract not available. [Current Issues in Auditing 3, C11 (2009)] published Wed Nov 18, 2009. Analysis of Peer Review Reports: A Focus on Deficiencies of the Top 20 Triennially Inspected Firms http://link.aip.org/link/?CIA/3/A1/1&agg=rss Audrey A. Gramling and Matt G. Watson<br/> SUMMARY: This descriptive study analyzes deficiency data disclosed in peer review reports of the AICPA's Center for Public Company Audit Firms Peer Review Program (CPCAF PRP). We analyze the reports of the largest 20 triennially inspected firms that have both a PCAOB inspection report and a CPCAF pe ... [Current Issues in Auditing 3, A1 (2009)] published Wed Sep 2, 2009. Auditing Standards Committee Comment Letter PCAOB Rulemaking Docket Matter No. 028: Concept Release on Possible Revisions to the PCAOB's Standard on Audit Confirmations http://link.aip.org/link/?CIA/3/C4/1&agg=rss Randal J. Elder, James L. Bierstaker, Paul Caster, Thomas M. Kozloski, Susan Parker et al.<br/> Abstract not available. [Current Issues in Auditing 3, C4 (2009)] published Tue Jul 28, 2009. Auditing Standards Committee Comment Letter Auditing Standards Board Proposed Statement on Auditing StandardsInitial Audit Engagements, Including ReauditsOpening Balances (to Supersede Statement on Auditing Standards No. 84, Communications Between Predecessor and Successor Auditors, as Amended, Paragraphs .01.02, .04, .11.13, and .15.23) http://link.aip.org/link/?CIA/3/C1/1&agg=rss Randal J. Elder, James L. Bierstaker, Thomas M. Kozloski, Susan Parker, and Brad J. Reed<br/> Abstract not available. [Current Issues in Auditing 3, C1 (2009)] published Tue Jul 28, 2009. Auditing the Auditors: A Case on PCAOB Inspection Reports of Registered Public Accounting Firms http://link.aip.org/link/?CIA/3/B1/1&agg=rss Brian Daugherty and Marshall K. Pitman<br/> SUMMARY: We present a timely practice-oriented case related to the inspection process of registered firms by the Public Company Accounting Oversight Board (PCAOB). This case allows auditing students an opportunity to explore the unique challenges that public accounting firms auditing U.S. public com ... [Current Issues in Auditing 3, B1 (2009)] published Thu May 28, 2009. Auditing Standards Committee Comment Letter PCAOB Rulemaking Docket Matter No. 026: Proposed Auditing Standards Related to the Auditor's Assessment of and Response to Risk and Conforming Amendments to PCAOB Standards http://link.aip.org/link/?CIA/3/C1/1&agg=rss Randal J. Elder, Lawrence J. Abbott, James L. Bierstaker, Steven Firer, Thomas M. Kozloski et al.<br/> Abstract not available. [Current Issues in Auditing 3, C1 (2009)] published Thu May 21, 2009. Entity-Level Controls: The Internal Auditor's Assessment of Management Tone at the Top http://link.aip.org/link/?CIA/3/A1/1&agg=rss James Hansen, Nathaniel M. Stephens, and David A. Wood<br/> SUMMARY: The internal audit function's (IAF) regular interaction with management and continual presence within the organization place it in a unique position to monitor the organization. Although the IAF has significant potential to evaluate and improve corporate governance, research has yet to expl ... [Current Issues in Auditing 3, A1 (2009)] published Thu May 21, 2009. The SEC's XBRL Voluntary Filing Program on EDGAR: A Case for Quality Assurance http://link.aip.org/link/?CIA/2/A36/1&agg=rss J. Efrim Boritz and Won Gyun No<br/> SUMMARY: XBRL (eXtensible Business Reporting Language) was developed to provide users with an efficient and effective means of preparing and exchanging business reporting, and especially financial information over the Internet. After years of development, XBRL is now in the implementation stage, wit ... [Current Issues in Auditing 2, A36 (2009)] published Tue Jan 27, 2009. Audit Quality in the Post-SOX Audit Environment: What Your Auditing Students Must Know about the PCAOB Inspection Process http://link.aip.org/link/?CIA/2/A17/1&agg=rss Richard R. Riley, Jr., J. Gregory Jenkins, Pamela Y. Roush, and Jay C. Thibodeau<br/> SUMMARY: At the American Accounting Association's (AAA) Auditing Section Midyear Meeting in January 2007, the Education Committee organized a panel to discuss the educational issues that have surfaced as a result of the PCAOB inspection process. The discussion focused on changes that have occurred i ... [Current Issues in Auditing 2, A17 (2009)] published Mon Jan 12, 2009. The Accounting Circle of Life http://link.aip.org/link/?CIA/2/C5/1&agg=rss Shaun Budnik<br/> Abstract not available. [Current Issues in Auditing 2, C5 (2009)] published Mon Jan 12, 2009. Management's Discussion and Analysis: Implications for Audit Practice and Research http://link.aip.org/link/?CIA/2/A26/1&agg=rss Jeffrey R. Cohen, Lisa Milici Gaynor, Lori L. Holder-Webb, and Norma Montague<br/> SUMMARY: The quality of disclosures provided in the Management's Discussion and Analysis (MD&A) is a subject of continuing concern on the part of regulators. Furthermore, a variety of regulatory bodies have recently initiated discussion on the extent to which the auditor should be involved with MD&A ... [Current Issues in Auditing 2, A26 (2009)] published Mon Jan 12, 2009. Auditing Standards Committee Comment Letter http://link.aip.org/link/?CIA/2/C1/1&agg=rss Thomas M. Kozloski, Robert D. Allen, Randal J. Elder, Edward F. O'Donnell, Robert J. Ramsay et al.<br/> Abstract not available. [Current Issues in Auditing 2, C1 (2009)] published Mon Jan 12, 2009. Other Content http://link.aip.org/link/?CIA/1/i/1&agg=rss <br/> Abstract not available. [Current Issues in Auditing 1, i (2008)] published Thu Oct 16, 2008. Top 10 Wish List for Audit Research http://link.aip.org/link/?CIA/1/C3/1&agg=rss Edward E. Nusbaum<br/> Abstract not available. [Current Issues in Auditing 1, C3 (2008)] published Thu Oct 16, 2008. The Sarbanes-Oxley Act of 2002Restoring Investor Confidence http://link.aip.org/link/?CIA/1/C1/1&agg=rss Michael G. Oxley<br/> Abstract not available. [Current Issues in Auditing 1, C1 (2008)] published Thu Oct 16, 2008. XBRL: Opportunities and Challenges in Enhancing Financial Reporting and Assurance Processes http://link.aip.org/link/?CIA/1/A36/1&agg=rss James Gunn<br/> This paper describes some of the benefits and opportunities in relation to the use of XBRL, as it exists today, from a domestic (U.S.) and international perspective, as well as some possible challenges to its widespread adoption and acceptance. Additionally, this paper discusses what specifically XB ... [Current Issues in Auditing 1, A36 (2008)] published Thu Oct 16, 2008. Audit Partner Rotation: Evidence of Changes in Audit Partner Tenure as the Result of Mandatory Regulation in Australia http://link.aip.org/link/?CIA/1/A28/1&agg=rss Kirsty Ryken, Renee Radich, and Neil L. Fargher<br/> SYNOPSIS: This study examines rotation practices before and after the implementation of mandatory audit partner rotation policies in Australia. We focus on the incidence of long partner tenure. Despite prior voluntary rotation practices, the results suggest that: the introduction of mandatory rules ... [Current Issues in Auditing 1, A28 (2008)] published Thu Oct 16, 2008. SOX Doomsday Predictions in Hindsight: Evidence from Delistings http://link.aip.org/link/?CIA/1/A21/1&agg=rss Lizabeth A. Austen and Denise Dickins<br/> Once the enactment of the Sarbanes-Oxley Act of 2002 (SOX) became imminent, many companies protested that complying with SOX provisions was too onerous and costly and would result in many companies choosing to withdraw from public trading. We investigate whether these doomsday predictions were well- ... [Current Issues in Auditing 1, A21 (2008)] published Thu Oct 16, 2008. A Top-Down Approach to Identification and Documentation of Critical Accounting Application Controls http://link.aip.org/link/?CIA/1/A12/1&agg=rss Jerry L. Turner<br/> SUMMARY: PCAOB Auditing Standard No. 5 prescribes assessing internal controls over financial reporting using a top-down approach. This paper describes a method for documenting internal controls that aligns the documentation for application controls to the overall top-down audit approach. This method ... [Current Issues in Auditing 1, A12 (2008)] published Thu Oct 16, 2008. Descriptive Evidence from Audit Practice on SAS No. 99 Brainstorming Activities http://link.aip.org/link/?CIA/1/A1/1&agg=rss Jodi L. Bellovary and Karla M. Johnstone<br/> SUMMARY: This paper describes how auditors conduct brainstorming sessions to comply with the requirements of SAS No. 99. We gather evidence by interviewing 22 auditors at all personnel levels across seven audit firms (including all of the Big 4 firms) and by observing actual brainstorming sessions. ... [Current Issues in Auditing 1, A1 (2008)] published Thu Oct 16, 2008. Deficiencies in Auditing Related-Party Transactions: Insights from AAERs http://link.aip.org/link/?CIA/2/A10/1&agg=rss Timothy J. Louwers, Elaine Henry, Brad J. Reed, and Elizabeth A. Gordon<br/> SUMMARY: After several high-profile frauds involving related-party transactions, regulators have raised questions as to whether current auditing standards remain appropriate. In this study, we examine 43 SEC enforcement actions against auditors related to the examination of related-party transaction ... [Current Issues in Auditing 2, A10 (2008)] published Thu Oct 16, 2008.