For example, in accordance with government
auditing standards we share the peer review reports with our oversight committee.
SAS 104 appears to have conformed to the PCAOB's
Auditing Statement No.
The guide also contains a new illustrative auditor's report on OCBOA financial statements in connection with new revisions reflecting the effects of
Auditing Interpretation Nos.
Other information required includes (1) current financial information; (2) a statement of quality control polices for its accounting and
auditing practices; (3) a list of accountants associated with the firm who participate in or contribute to the preparation of audit reports, stating the firm's license or certificate number and state license numbers; (4) information on criminal, civil, or administrative actions or disciplinary proceedings pending; (5) copies of any periodic or annual disclosures to the SEC on accounting disagreements between a firm and an issuer; and (6) other such information as deemed necessary by PCAOB or SEC rules.
access to EU firms' audit papers through the forthcoming new national EU
auditing oversight boards.)
When the group started, only a few of these agents (and their managers) had experience with
auditing tax-exempt bonds through the EO program.
As noted earlier, the
auditing profession is increasingly recognizing that in-depth knowledge of a client is critical to the effectiveness and efficiency of all audits.
Developing and maintaining positive changes in law enforcement departments that eliminate gaps in performance and enhance interface with technology and the community are stressed in Police
Auditing. These improvements help managers develop their short- and long-range strategies and operational planning efforts.
On the left, the Progressive Policy Foundation has suggested that
auditing makes "eminent sense" and that state laws should be treated as a "demonstration project" to find out which enforcement strategies work and which don't.
Indeed these audits have indicated that many policies are uniquely applicable to Federal Reserve Banks and that in these areas the Board's examiners have a significant advantage in
auditing for Reserve Bank compliance.
This quest is prompting renewed interest in the practice of continuous
auditing.
Changes in the audit environment have recently led the
Auditing Standards Board (ASB) to significantly revise guidance it had issued less than four years earlier.