COSMOS periodically issues Professional Standards Updates, known as PSU, to alert the audit community of changes. In these updates, it features the effective dates and issuance of recent standards and guidance related to engagements conducted in accordance with Government Auditing Standards. It includes standards which were effective for audits of financial statements, attestation reports, accounting for reporting periods, and identified select standards and guidance.
Reading through the PSU, our company realizes how we can alert and share to the audit community of the changes to achieve compliance. Thus, we have Security Audits, Risks Assessments & Consulting service which helps you create security measures to effectively assess your firm’s security policies to determine gaps and vulnerabilities.
Learn more by contacting us and read the PSU by COSMOS with the link below.