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.
October 15, 2018
The Supremes, Wayfair, and Taxes: What Startups Need to Know
Many states are likely to move quickly to impose taxes (some already have). But it could take time for things to play out. For the moment, the Supreme Court’s decision applies only to South Dakota’s tax on internet retailers.
October 15, 2018
The Why and How of Bots for Accounting Firms
Engagement with clients and leveraging your brand is done easier and made stronger with Bots. This emerging technology has promise today and in the future. While applying some Bot technology may be more technically difficult for you to apply without ...
October 15, 2018
The Cloud: Streamlining Workflow and Automation
As an example of how accountants might leverage the cloud’s capabilities, clients can just scan or take a snapshot of invoices to be paid using an app. Those images go into a document storage system, where an optical character recognition (OCR) system ...
October 15, 2018
Streamlined Workflow and Automation: Two Important Benefits of the New Cloud
The cloud is poised to revolutionize Client Accounting Services (CAS). With a desktop system, bill payment and bookkeeping for a substantial number of clients is a daunting task. Getting invoices and source material, entering data, and printing and ...
October 14, 2018
Accounting for Political Contributions
We scoured the Federal Election Commission website to find relevant information for accountants who are working with political candidates and campaigns. The following material is excerpted from published reports of the Federal Election Commission.
October 14, 2018
You, Your Clients, And the Cloud
Anyone still skeptical about the importance and viability of cloud software in business probably should consider a line of work that doesn’t involve business. The promise of the cloud (and all its various nomenclatures: “SaaS,” “web,” etc.) is here ...
October 11, 2018
Illinois CPA Society Seeks Minority Candidates for Internship Preparation Program
The Illinois CPA Society is seeking minority college students who are sophomores, juniors, or seniors interested in accounting to apply for the Mary T. Washington Wylie Internship Preparation Program.
October 11, 2018
AICPA Honors Two CPAs for Innovation
Two pioneering CPA firm leaders – one an early champion of blockchain services, another an advocate of artificial intelligence in the audit process – have been named recipients of CPA.com’s 2018 Innovative Practitioner Award, which recognizes ...
October 9, 2018
AICPA Testifies at IRS Hearing on Proposed Regulations To Implement Centralized Partnership Audit Regime And Issues Related Comment Letter
A representative of the American Institute of CPAs (AICPA) testified today regarding proposed rules related to implementation of the centralized partnership audit regime. Michael Greenwald’s comments, during a hearing by the U.S. Department of the ...
October 9, 2018
BlackLine Starts Subsidiary in Japan
The new subsidiary, BlackLine K.K., is a joint venture between BlackLine, Inc. and Japan Cloud, a Tokyo-based professional services firm that helps leading U.S. businesses succeed in the Japan market. To date, Japan Cloud principals have launched the ...
October 9, 2018
Beware Strong Numbers in Corporate Earnings Headlines, Says Research
A company has had a good year, and wants to make sure investors know it. In the press release reporting its annual results, the headline announces “earnings per share up 16.5%,” which is a record. What could be more natural for a firm than to headline this impressive earnings number? Natural it may be. But,...…
October 9, 2018
4 Strategies for Lease Accounting Transition
New rules more than a decade in the making will “bring leases to balance sheet,” marking a major change in how companies have historically accounted for leases.