If the auditee seeks to control the outcome of the audit, auditor independence and objectivity are compromised by an Undue Influence Threat.
The Management Participation Threat
The 2021 Yellow Book states Management Participation is one of the seven threats to auditor independence. Learn how to help your clients while guarding your independence, objectivity and credibility.
Accounting’s Big Lie – a Colossal Conflict of Interest
Accountants in public practice should be independent when providing auditing services. But are they truly independent when the auditee pays their fees and has the ability to fire them?
Parallelism and Paul Simon
Make your audit reports more dynamic by using parallelism: Similar words, phrases, bulleted lists and other grammatical elements to emphasize similar ideas in a sentence.
Active Voice: How Does My Computer Know?
Active voice is generally preferred over passive voice, but there are some instances when you want to use it in an audit report.
Independence is Required of a CPA Performing Yellow Book Audits
It is no surprise that independence is required of a CPA performing Yellow Book audits, but what does surprise many CPAs is how directly the GAO addresses one bad habit that CPA’s continue to engage in.
How to Apologize
In this episode of THE SAMPLE, Leita Hart-Fanta, CPA shares a simple way to apologize, while building your relationship with your auditee.
What Do You Talk About in an Audit Entrance Conference?
The audit entrance conference may be the first time the auditee sees you and has a chance to interact with you. So, you don’t want to go in cold.
What Is In The Background Statement?
A background statement could belong in the back of your audit report in an appendix instead of blocking the reader’s path to the good stuff.