Public accounting firms love to land new audit clients and keep their current audit clients happy. After all, acquiring new business and retaining it is the key to growth. But revenue growth can cause ...

Question: What is the time frame requirement with regard to post-closing quality control (QC) audits? In short, when must they be completed? Answer: HUD and VA require that FHA and VA loans be ...

The Public Company Accounting Oversight Board (PCAOB) has announced a settled disciplinary order sanctioning L&L CPAs, PA, its president, Weixuan Tracy Luo, engagement partner Andy Chow, and ...

George Botic, CPA, shares focus areas for auditors in the coming year using in his signature colorful language.

“We’ve seen the large firms dedicate significant resources toward remediating deficiencies and improving quality control systems,” said PCAOB board member Jeanette Franzel during a speech Thursday at ...

The value of strong questionnaire design, complemented by the task of high-quality sample development, is not fully appreciated. Too often researchers relegate those two essential building blocks of ...

Quality inspectors at Boeing, angry at management’s plan to streamline and automate some quality-control processes with fewer inspectors overseeing the work of mechanics, point to a recent ...

The Audit Quality Board is an advisory body composed of three independent board members — Tracey Golden, Dave Sullivan and Dan Sunderland — who are responsible for evaluating the effectiveness of ...

SEATTLE — Quality inspectors at Boeing, angry at management’s plan to streamline and automate some quality-control processes with fewer inspectors overseeing the work of mechanics, point to a recent ...

Fannie Mae has announced revisions to its Selling Guide for Lender Quality Control Standards1 by issuing an update on March 29, 2010 as part of its Loan Quality Initiative (LQI).2 The LQI identified ...