PCAOB May 29, 2026
PCAOB Establishes Inspections Modernization Council
The Public Company Accounting Oversight Board is forming a new advisory panel as the regulator looks to modernize how it inspects the work of public company audit firms.
August 8, 2017
Thomson Reuters Wins Two 2017 CODiE Awards
Thomson Reuters, a provider of technology and intelligence for businesses and professionals, today announced that it received two 2017 CODiE Awards at the Business Technology Winner Announcement & Celebration in San Francisco on July 25.
August 8, 2017
Riding the Third Wave of Travel and Expense Management Innovation
While solutions to help employees manage their travel-related expenses have evolved steadily over the past two decades, innovation in the space has really accelerated in the last five years. Never have organizations of all sizes had so many options to ...
August 7, 2017
Nonprofit Financial Fraud – Internal Vulnerabilities and Steps to Address Them
For internal fraud there are three areas that must be managed, including Cash Receipts, Accounts Payable and Payroll. Each provides an opportunity for individuals to divert funds illegally and in all cases separation of duties and multiple eyes on activ
August 6, 2017
Typical Home Value in U.S. Passes $200,000 For First Time
The typical U.S. home is worth over $200,000 for the first time ever, according to the latest Zillow Real Estate Market Reports. The national median home value is now $200,400, up about 7 and a half percent since this time last year.
August 6, 2017
How to Be More Creative at Work
There’s a misconception that our brains are like computer random access memory, able to pluck the best information on command or, in particular, when needed for generating new ideas.
August 6, 2017
FASB Proposes Improvements to Not-for-Profit Accounting for Grants and Contributions
The proposed ASU helps organizations decide if transactions should be accounted for as a contribution or an exchange. Organizations would accomplish this by using clarifying guidance to evaluate whether a resource provider is receiving value in ...
August 3, 2017
Three Characteristics of Higher-Quality Single Audits
The single audit is a rigorous, organization-wide financial and compliance audit of an entity that expends $750,000 or more of federal assistance (e.g., awards, grants, loans and loan guarantees).
August 2, 2017
Accounting and Tax Firms Top List of Most Profitable Industries
This year, accounting-related services (accounting, tax preparation, bookkeeping and payroll service companies) are the highest ranking, with net profits amounting to 18.4 percent of sales, on average for the 12 months ended June 30th, 2017.
August 1, 2017
Research Reveals Predictive and Prescriptive Analytics Best Practices
New research shows how companies can best incorporate advanced analytics into their business planning process. When integrated with traditional legacy data trends and analysis, predictive and prescriptive analytics enable holistic business plans ...
August 1, 2017
ICPAS Member Joshua Lance Selected for 2017 AICPA Leadership Academy
The Illinois CPA Society (ICPAS) has announced that Joshua Lance, CPA, CGMA and ICPAS member, has been selected as one of only 38 nationwide participants in the American Institute of Certified Public Accountants (AICPA) 2017 Leadership Academy.
August 1, 2017
CFPB Warns Companies Against Tricking Consumers Into Pay-By-Phone Fees
Most financial service companies give consumers several options to make payments. Some consumers may choose to pay bills by phone using an automated system or speaking with a live customer representative. Companies may charge different pay-by-phone ...
August 1, 2017
CEO Outlook Shows How Innovation Comes of Age
According to KPMG’s 2017 CEO Outlook, 57 percent of U.S.-based CEOs revealed they lack sufficient processes to sense disruption in their respective markets. From startups and new competitors to emerging technologies to shifts in political, regulatory ...