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Recent Developments in Audit

Proposed amendment to and redrafting of SAS No. 116

COSO study provides insights on preventing and detecting fraudulent financial reporting

Proposed standard regarding nonissuer financial statements in registration statements

Reporting on compiled prospective financial statements when independence is impaired

Reporting on controls at a service organization

Three auditing standards issued

DOL clarifies 403(b) plan financial reporting relief and provides resources

 


 

RSM McGladrey Inc. and McGladrey & Pullen LLP have an alternative practice structure. Though separate and independent legal entities, the two firms work together to serve clients' business needs.