PCAOB alert calls for auditors to focus on revenue
The PCAOB on Tuesday urged auditors to focus on the board’s standards for auditing revenue.
In Staff Audit Practice Alert No. 12, Matters Related to Auditing Revenue in an Audit of Financial Statements, the PCAOB discusses board requirements for auditing revenue that are relevant to significant audit deficiencies found frequently during inspections. Read more on the Journal of Accountancy.