Auditing April 6, 2026
AI is Co-Writing End-of-Month Financial Reporting. Here’s What that Means for Auditors
In many organizations, AI is becoming embedded in core accounting workflows during the end-of-month process.
September 19, 2017
Doc.It Wins K2E Awards for Best New App and Marketing Communications
In June 2017 Doc.It launched Doc.It Go, their mobile app engineered to work in conjunction with Doc.It Suite. With Doc.It Go, Doc.It Suite users have every opportunity to gain a productivity advantage as they handle some of the most common tasks ...
September 18, 2017
AICPA Calls for More Clarity and Revisions to Partnership Audit Regs
The AICPA submitted a broader comment letter about the Regime on August 14 and recommended a one year delay in implementation of the Regime in a letter dated June 13.
September 14, 2017
Digital Badges Are Here. Will You Earn Yours?
Have you ever met an accountant who didn’t display their professional certificate in a place of honor in their office? Neither have I. As a profession, CPAs, Chartered Global Management Accountants (CGMAs) and holders of specialty credentials are proud...
September 13, 2017
What Your Clients Need to Know about Cloud Accounting Software
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 and...
September 8, 2017
The Changing Role of IT Personnel in Accounting Firms
Has the IT role within CPA firms finally come full circle? I began the IT portion of my career providing support for IBM XT personal computers that were used by accountants to produce spreadsheets and word processing, while all the “real” data ...
September 8, 2017
AICPA Proposes New Attestation Service
Among other things, in a selected procedures engagement, the practitioner may determine the procedures to be performed and no party would be required to take responsibility for the sufficiency of the procedures. This allows the practitioner to perform ...
September 6, 2017
New Cloud EPM System Helps Finance Teams Maximize Corporate Performance
This new release is now fully supported to run on browsers such as Chrome, Safari, Firefox, and Edge. It also includes dramatic improvements across the board such as powerful breakback functionality for added flexibility and accuracy; enhanced ...
September 5, 2017
Study Shows Sarbanes-Oxley Offers Early Warning of Corporate Fraud
Since its passage in 2002 in response to financial scandals that shook the corporate world, the Sarbanes-Oxley Act, or SOX, has been a constant target of criticism. And probably no provision of SOX has provoked more complaints than Section 404(b), ...
August 28, 2017
Wolters Kluwer Wins Top Honors in 2017 Golden Bridge Awards
In addition, Wolters Kluwer Tax and Accounting CEO Karen Abramson earned Silver and Bronze leadership recognition and two Bronze wins were awarded to CCH AnswerConnect for new product/service innovation.
August 28, 2017
Only One in Five Financial Risk Professionals Fully Comprehend FASB’s Hedge Accounting Updates
The Financial Accounting Standards Board (FASB) has issued guidance on hedge accounting that will better align accounting with the economics of strategies used by companies. The guidance is also expected to ease administrative burdens related to ...
August 28, 2017
4 New Members Appointed to FAF Private Company Council Board
The Board of Trustees of the Financial Accounting Foundation (FAF) has appointed four new members of the Private Company Council (PCC) to three-year terms that begin on January 1, 2018.
August 28, 2017
New FASB Update Focuses on Hedge Accounting Rules
The Financial Accounting Standards Board (FASB) has issued a final Accounting Standards Update (ASU) that will improve and simplify accounting rules around hedge accounting. The ASU is effective for public companies in 2019 and private companies in 2020.