Auditing

June 1, 2018 

On January 1, 2021 - IFRS 17 - one of the biggest changes to insurance accounting in more than 20 years, goes into effect. According to the International Accounting Standards Board, $13 trillion total assets of 450 listed insurers using International ...

May 25, 2018 

The survey serves as an important tool to help identify key issues for consideration in developing its future strategy in the context of the IAASB’s broad strategic focus and the changing environment, and with the overriding objective of serving the ...

May 24, 2018 

The accounting treatment for the dry-docking process has been debated for a long time may be because of the complications associated with the nature of the process. The debate mainly revolved around whether to capitalize the dry-docking costs or to ...

Sameh A. Rassoul Hendawi

May 23, 2018 

As economies, businesses, and people progress through innovation, so must accountants adapt to the evolving role of finance. The days of the one-dimensional CPA number cruncher are long gone. Accountants are increasingly expected to master areas ...

May 22, 2018 

5 Blockchain Tips for Accounting Firms By Isaac M. O’Bannon, Managing Editor There has been a lot of talk about how blockchain technology will disrupt the role of accounting as we know it today. In truth, disruption has already been happening through automated accounting software and other applications that help accounting firms process data faster,...…

May 21, 2018 

A scholarly paper in the June issue of Accounting Horizons, a journal of the American Accounting Association, notes that opposition to term limits for external auditors has been “the subject of active lobbying by the ... Big 4 accounting firms."

May 21, 2018 

LeaseCrunch is essentially an ‘audit in a box’ for lease accounting, reducing the time it takes clients to prepare for an audit and reduces the time it takes CPA firms to perform the audit.

May 18, 2018 

BKD CPAs & Advisors has released its first audit quality report. The 22-page document, “The Importance of Quality: Our Commitment to Integrity & Excellence,” highlights BKD’s policies and practices and shows how the firm’s culture plays an important ...

May 18, 2018 

WASP Barcode Technologies AssetCloud    866-547-9277 www.waspbarcode.com From the 2018 reviews of Fixed Asset Management systems. AssetCloud from WASP is a scalable fixed asset management application that is best suited for business operations of any size that have a significant number of assets that need to be managed. AssetCloud is available as an online application, with...…

Mary Girsch-Bock

May 16, 2018 

The proposed IRS regulations, issued on February 2, 2018, provide rules addressing how and when partnerships and their partners adjust tax attributes to reflect audit adjustments under Internal Revenue Code (IRC) section 6225 of the Centralized ...

May 15, 2018 

When the AICPA hosted its flagship System and Organization Controls (SOC) for Cybersecurity Certification course this past week, members of WithumSmith+Brown, PC’s SOC for Cybersecurity Services Group served as lead instructors for the curriculum.

May 15, 2018 

The board members were formally welcomed at the MSCPA's Annual Meeting and Recognition Reception on May 3.