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.
January 16, 2017
Clarity on Switch from SSAE 16 to SSAE 18
The switch from SSAE 16 to SSAE 18 will have an impact on companies who currently perform the SSAE 16 audit, but will have an even greater impact on those companies who are considered third party vendors to other businesses, and currently do not ...
January 16, 2017
FASB to Host Roundtable Meetings on Disclosure Framework
The purpose of the roundtable meetings is to obtain feedback on whether the proposed FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements (Chapter 8) , is useful in identifying relevant ...
January 16, 2017
Report Helps Businesses Prepare for Trump Tax Reforms
KPMG has issued a detailed report, “Understanding the Tax Reform Process: FAQ,” with a high-level overview on the U.S. tax reform outlook and steps for businesses to consider for a possible tax overhaul. The report – in question/answer format, ...
January 16, 2017
California Marijuana Shops Go Upscale, Resemble Apple Stores
Cannabis entrepreneurs, borrowing from successful retailers such as Apple and Whole Foods, are opening dispensaries with natural light, spacious displays and open-floor plans. With weed now legal for recreational use in California and six other states ...
January 16, 2017
QuickBooks Online: Where Business, Employee and Payroll Management Intersect
QuickBooks Online and TSheets create a deep integration designed to put payroll and time tracking seamlessly in the hands of small business owners and their accountants.
January 16, 2017
What is a Business? FASB Clarifies Definition
The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that clarifies the definition of a business. The ASU affects all companies and other reporting organizations that must determine whether they have ...
January 15, 2017
Generation Z Still Prefers Brick and Mortar Stores
With the global Gen Z population set to reach 2.6 billion by 2020, retailers need to create more interactive engagement around their brands to serve the “always on,” mobile-focused, high-spending demographic, according to the study.
January 12, 2017
List Highlights Top-Rated Tax and Accounting Pros
When searching for tax and accounting help, it can be hard to determine who is a superstar and who is nonresponsive. The TaxBuzz Top 50 recognizes the best-reviewed and highest-rated CPAs, EAs and tax professionals of 2016.
January 11, 2017
Americans Spent $46 Billion on Gift Cards in 2016
Gift cards have become not only an acceptable substitute for more traditional gift options, but are increasingly expected and eagerly used, especially among "older" Millennial adults, according to market research firm Packaged Facts in the report ...
January 11, 2017
NVCA Adds New Award Categories for 2017
The new award categories include the Rising Star Award, Excellence in Healthcare Innovation Award and the Venture Firm of the Year Award. These three new award categories join the current roster of awards that includes the Lifetime Achievement in ...
January 11, 2017
AICPA Issues Revenue Recognition Working Drafts for Aerospace, Telecom and Time-Shares
The AICPA’s Financial Reporting Executive Committee (FinREC) has issued four new working drafts of accounting issues related to the implementation of Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers – for ...
January 11, 2017
CFOs Say Sloppy Work is Biggest Peeve
More than one-third (35 percent) of CFOs cited lacking attention to detail or sloppy work as the most annoying behavior by coworkers.