Accounting February 6, 2026
AICPA News – Feb. 2026
AICPA News is a round-up of recent announcements from the American Institute of CPAs, the Association of International CPAs, and the Chartered Institute of Management Accountants (CIMA).
April 21, 2017
Survey Shows Doubt on Value of Mandatory Auditor Rotation
Perhaps no issue in contemporary accounting has drawn more attention than that of mandatory auditor rotation – whether companies should be required, in the cause of sound financial reporting, to periodically change audit firms or audit-firm engagement ...
April 21, 2017
Expensify Adds New Features to Partnership Program
In addition to these new features, Expensify has also introduced a new tier in the Approved! Program called the Champion tier, whereby firms that adopt Expensify internally get an additional 5% discount for both internal firm use as well as for their ...
April 21, 2017
New Financial Close Analytics System Strengthens Management Oversight
The new module helps accounting organizations uncover bottlenecks in their month-end closes and identify trends to streamline and better manage the process. FloQast is a provider of close management software created by accountants for accountants.
April 20, 2017
KPMG Dismisses Head of Audit Practice, 5 Others for Conduct
The firm learned in late February, from an internal source, that an individual who had joined KPMG from the PCAOB subsequently received confidential information from a then-employee of the PCAOB, and shared that information with other KPMG personnel.
April 20, 2017
Venture Capital Funding Hits $17.3 Billion in Q1 2017
With much of the uncertainty from 2016 subsiding in the U.S., there are signs of optimism in the venture capital (VC) market as total investment in the first quarter of 2017 reached $17.3B across 1,809 deals, according to Venture Pulse, a quarterly ...
April 20, 2017
AICPA Proposes New ERISA Auditing Standards
This proposed SAS addresses the auditor’s responsibilities to form an opinion and report on the financial statements of ERISA plan financial statements, and the form and content of such reporting, including reporting on specific plan provisions ...
April 20, 2017
Financial and Operational Reporting Ease and Excellence
We use technology tools to solve client problems and our own problems. Whether these are generic tools like Microsoft Office, Citrix ShareFile, or Square, or specific tools like Wolters Kluwer CCH ProSystem fx, Intuit Lacerte or AccountantsWorld ...
April 19, 2017
25% of Age 50-Plus Americans are Confident in Personal Finances
People aged 50-plus will generate $83 billion in revenue for the fast-emerging alternative financial services sector over the next five years, according to AARP's Financial Innovation Frontiers report released today. The research also found that only ...
April 19, 2017
Accounting for Income Taxes: New System Focused on ASC 740 Compliance
Designed and built with middle market businesses in mind, Tax Prodigy Provision was created by tax professionals to give tax professionals the security and confidence they need to focus on critical tax items instead of being held back by over ...
April 17, 2017
Are Your Clients Ready for a Corporate Governance Review?
Corporate governance is an increasingly key component of insurance regulatory reviews, with the National Association of Insurance Commissioners (NAIC) and state regulators targeting new reporting requirements at your corporate governance structure and ...
April 17, 2017
Manufacturers Increase Use of Internet of Things
Because cyber attackers often exploit third-party vulnerabilities to gain access to their eventual targets, any security gaps in manufacturers’ supplier networks could be dangerous. Most manufacturers are cognizant of and actively address third-party ...
April 17, 2017
How Professional Services Firms Use Software Determines Success
Working in professional services means constantly, obsessively, thinking about how to serve clients better. Some decisions are intuitive--talented workers, more resources, quick responses. In comparison, the relative digitalization of a services ...