Center for Audit Quality issues Practice Aid on Testing Journal Entries.

The Center for Audit Quality, an AICPA affiliate, has issued Practice Aid for Testing Journal Entries and Other Adjustments Pursuant to AU Section 316. Representatives from CAQ member firms prepared this publication for use by auditors of public companies when applying certain sections of AU Section 316, Consideration of Fraud in a Financial Statement Audit, of the Public Company Accounting Oversight Board's Interim Auditing Standards. It specifically addresses the auditor's testing of...