Journal of Accountancy
A new special report by the AICPA’s Center for Plain English Accounting (CPEA) posted Wednesday discusses issues including professional skepticism and audit evidence quality, financial statement issuance delays, physical inventory observation, access to client records, design, implementation, and testing of internal control, account confirmations, audit planning, fraud brainstorming and interviews, going concern assumptions and related disclosures, subsequent events, management representations, and fraud risk.