Acuitas: Failure to Assess Risk and Test Internal Controls the Main Causes of Audit Failure. Fair Value Measurement Deficiencies Remain Significant

Hat tip to CFO Magazine. Atlanta based consulting firm Acuitas recently released a survey of Fair Value Audit Deficiencies (pdf) covering the period 2009-2013.   The survey is based on an in depth analysis of PCAOB data from the same time period.    What they found is that Fair Value Measurement audit deficiencies continue to […]