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.
June 13, 2017
AICPA Requests Delay in Effective Date for New Partnership Audit Regime
Nellen noted that the process of developing the necessary framework to operate the Regime is still in a very early stage. “The AICPA believes that it is unlikely that all the procedures and guidance necessary for taxpayers to make informed decisions ...
June 12, 2017
Revenue Recognition, Cybersecurity and PCAOB Inspection Reports Found to be Influencing Forces on Companies’ SOX Compliance Efforts
The annual Sarbanes-Oxley (SOX) Compliance Survey released by global consulting firm Protiviti today reveals a new set of challenges facing public companies amid their compliance efforts. PCAOB audit requirements, new revenue recognition standards and ...
June 12, 2017
How to Detect Accounts Payable Fraud
Vulnerabilities in AP have serious consequences. According to the 2016 Report to the Nations on Occupational Fraud and Abuse conducted by the Association of Certified Fraud Examiners (ACFE), AP fraud accounted for nearly half of all reported fraud cases.
June 9, 2017
8 Steps to Compliance with New Revenue Recognition Standards
For most companies and financial organizations, all eyes may be on regulatory changes and tax reform. But as we approach mid-year, public and private entities must also prepare for adoption of new revenue recognition standards established by the Financial Accounting Standard Board (FASB) and International Accounting Standards Board’s (IASB). The deadline for implementation of the...…
June 7, 2017
70% of Companies May Miss New Revenue Recognition Standard Deadline
Nearly 70 percent of respondents polled during the recent Deloitte-Bloomberg BNA revenue recognition conference said their organizations are still assessing how they will implement the new standard.
June 7, 2017
8 Tips for Understanding Attestation Engagements under SSAE 18
While most clients request typical accounting or audit services from their CPA firms, many have specific needs that firms are often unable to meet through traditional preparation, compilation, review or audit engagements related to the financial ...
June 7, 2017
2017 Innovation Award Winners Announced in Los Angeles
The 2017 Tax and Accounting Technology Innovation Awards, now in their 14th year, highlight this progress in workflow management and client collaboration, with this year’s winners all offering cloud-based solutions that enhance firm operations.
June 6, 2017
Neat Adds Integration with QuickBooks Desktop
Neat’s integration with QuickBooks Desktop is a universal solution with the flexibility to cater to the specific needs of different industries. Regardless of company offering, Neat with QuickBooks Desktop allows small businesses, accountants and ...
June 6, 2017
Study Says Companies Not Ready for New Revenue Recognition Standards
Many companies are not ready to implement the new revenue recognition standard by its 2018 effective date, and CFOs and CIOs are not fully aligned as to why. According to the just released EY Revenue Recognition Survey, 85 percent of CIOs believe the ...
May 23, 2017
Study Questions Value of Independent Directors
Independent directors, audit committees, and other reforms of the Sarbanes-Oxley Act of 2002 were aimed at preventing corporate abuses after Enron and a spate of corporate scandals.
May 22, 2017
2017 Review of Wasp Barcode AssetCloud
AssetCloud Wasp Barcode Technologies866-547-9277www.waspbarcode.com From the 2017 review of asset management systems. AssetCloud from Wasp Barcode is a scalable asset management product that is well suited for businesses of all sizes. Though best suited for businesses, AssetCloud can also be used by accountants who would do best to utilize the Complete version of the product....…
May 22, 2017
3 Tech Trends for Accountants to Watch in 2017
Some industry experts believe that blockchain technology can be used to revolutionize accounting in several areas, but the term and some of its descriptions have left many people confused. One of the best explanations of what blockchain technology is ...