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CPA Auditing Services

Information for CPA's providing auditing or assurance services:

*Keeping up with the changing ways companies do business

*Factoring in the way businesses have gotten more sophisticated over the last ten years

*Understanding how changes in the world economy affects how CPAs do their job.

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*Keeping up with the changing ways companies do business

There are several ways in which companies have changed the way they do business. First the ways companies do business has changed dramatically with the introduction and proliferation of information technology during the last ten years. This has changed the way CPAs work and the manner n which companies use their services. This has increased the business opportunities for CPAs. On the other hand there is lesser demand for auditing and other services like management consultancy services. After the adoption of the Sarbanes Oxley Act the demand for management consultancy services from CPAs in general has fallen drastically. In addition, the demand for statutory services has increased because the auditor under the Section 404 of Sarbanes Oxley Act, an auditor of a public company has to provide an assessment of the internal control of a firm the CPA audits. The PCAOB has provided standards for internal control based on which the auditor must attest to the management's assessment of the effectiveness of the company's internal control. This has led to an increase in the demand ...

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