Auditing May 15, 2026
Group Audits: Why Complexity Persists and Why Judgment Still Matters Most
Under new, risk-based standards, group auditors still face critical judgements about complex matters.
January 27, 2019
U.S. Financial Satisfaction Drops for the First Time in 2 Years
Market volatility has taken a bite out of Americans’ personal financial satisfaction. With a reading of 30.9, the AICPA’s Q4 2018 Personal Financial Satisfaction Index (PFSi) declined for the first time in seven quarters, ending its five-quarter run ...
January 27, 2019
Avalara Now Offers Over 700 Integrations Into Business Applications
Avalara, Inc. now offers more than 700 prebuilt integrations into business applications across accounting, ERP, ecommerce, point-of-sale, mobile commerce, and CRM software. For businesses competing in an omnichannel marketplace, these integrations ...
January 24, 2019
Maryland CPAs Converge on State Capitol to Press Legislators
Maryland Lt. Gov. Boyd Rutherford also made a brief appearance at the event, telling attendees that the state’s improving economy means more businesses are launching in or moving to Maryland as a result — and that’s good news for the state’s CPAs.
January 23, 2019
Avalara Expands into Alcoholic Beverage Compliance
The regulatory maze governing the production, distribution, and sale of beverage alcohol is complex and therefore represents a significant burden to businesses. Since Compli was established in 1997, it has earned a reputation as a leading supplier of ...
January 23, 2019
No More Hitting the Snooze Button on Revenue Recognition
Public entities are well underway with adoption of the new revenue recognition standard, as the new guidance is effective for interim and annual periods in 2018. Private companies still have some time as the guidance is effective in 2019 for annual ...
January 23, 2019
5 Ways to Fail a Sales Tax Audit
All businesses relish a good sales tax audit. After all, what’s not to like? And did you know it’s possible to spend more time, money, and resources than absolutely necessary during an audit? It’s true. Simply follow the five tips below and you’ll ...
January 23, 2019
IFRS Foundation Updates the IFRS Taxonomy Preparer’s Guide
The IFRS Foundation has published an updated guide to using the IFRS Taxonomy, to help companies with the electronic tagging of their financial statements. The IFRS Taxonomy facilitates the creation and use of IFRS financial statements in an electronic format by defining specific codes, or elements, that companies can use to tag information. Such tagged...…
January 23, 2019
GASB Issues Proposed Implementation Guide on Fiduciary Activities
The Governmental Accounting Standards Board (GASB) has issued a proposed Implementation Guide that contains questions and answers about the GASB’s new standards on accounting and financial reporting for fiduciary activities.
January 23, 2019
FASB Issues Staff Q&A Document on Estimating Credit Loss Reserves
The credit losses standard issued in 2016 requires organizations to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts with ...
January 23, 2019
Grant Thornton Sees Record Revenues of $5.45 Billion
Particularly strong growth from tax (14.8%) and advisory (10.4%) service lines across the network.
January 22, 2019
Grant Thornton Launches LeaseCom Analytics
To help public and private companies adjust to FASB’s new lease accounting standard, Grant Thornton LLP has introduced a web-based application called LeaseCom Analytics (LCA). LCA combines advanced analytics and machine learning to automate the ...
January 22, 2019
Government Shutdown Affected Contractors Relying on SBA Programs
Among the numerous federal departments and agencies that have been affected by the shutdown, the Small Business Administration has been closed since December 22. This has strong negative effects for companies using its 7A Guaranteed Lending Program ...