Reporting CAMs in the COVID-19 Era

Starting in 2019, auditors’ reports for certain public companies must contain a new element: critical audit matters (CAMs). The requirement was in effect for audits of large accelerated filers (with market values of $700 million or more) in fiscal years [...]

By |2020-07-31T14:08:58-04:00July 31st, 2020|Categories: Audit, Blog, COVID-19|Tags: , , |Comments Off on Reporting CAMs in the COVID-19 Era

Auditing the Use of Estimates and Specialists

Complex accounting estimates — such as allowances for doubtful accounts, impairments of long-lived assets, and valuations of financial and nonfinancial assets — have been blamed for many high-profile accounting scams and financial restatements. Estimates generally involve some level of [...]

By |2019-03-11T20:46:02-04:00August 3rd, 2018|Categories: Audit, Blog|Tags: , , , |Comments Off on Auditing the Use of Estimates and Specialists