PCAOB July 9, 2026
Here’s Who’s Serving on the PCAOB’s Inspections Modernization Council
The Public Company Accounting Oversight Board on Thursday revealed the names of the 12 people who will serve on its new Inspections Modernization Council.
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.
August 22, 2017
Dr. Sean Stein Smith, CPA, CMA, CGMA, CFE – 2017 40 Under 40 Honoree
Dr. Sean Stein Smith, CPA, CMA, CGMA, CFE Age: 29Employer: Lehman College (CUNY)Title: Assistant ProfessorCity/State: New York City (Bronx), New Yorkhttps://www.linkedin.com/in/dr-sean-stein-smith-dba-cpa-63307444/ Listen to this podcast Professional Associations/Memberships (please include any leadership roles): NJCPA – He is a member of the NJCPA Content Advisory Board, Student Programs & Scholarship Committee, Emerging Leaders Council, Nonprofit Interest...…
August 22, 2017
Melisa Galasso, CPA, CGMA – 2017 40 Under 40 Honoree
Melisa F. Galasso, CPA, CGMA Age: 36Employer: Galasso Learning Solutions LLCTitle: OwnerCity/State: Charlotte, NCWebsite: www.galassolearningsolutions.comTwitter: @hoffmamf, @galassolearning Listen to this podcast Professional Associations/Memberships: AICPA – Technical Issues Committee Member, Leadership Academy Alum (2014) NCACPA – Past Chair A&A Committee, Past President Charlotte Chapter, Charlotte Women Initiative Co-Chair VSCPA – LEAD Task Force Member, Digital...…
August 22, 2017
Kevin Bong – 2017 20 Under 40 Honoree
Kevin Bong Age: 27 Employer: AuditFile, Inc. Title: Co-founder City/State: San Francisco, California Website: www.auditfile.com Twitter: @auditfile_team Kevin is a co-founder of AuditFile, where he works closely with Steven Bong to execute the Company’s vision for designing a simple-to-use, sophisticated audit automation solution that empowers firms to prepare for the future of auditing. AuditFile received...…
August 22, 2017
Steven Bong – 2017 20 Under 40 Honoree
Steven Bong Age: 30 Employer: AuditFile, Inc. Title: CEO City/State: Walnut Creek, CA Website: www.auditfile.com Twitter: @AuditFile_team Steve is a co-founder and head of development for AuditFile, which introduced the profession’s first complete, cloud-based audit automation solution. Prior to starting AuditFile in 2011, Steve used his degree in statistics from UC Berkeley as an analyst in the financial services...…