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.
May 22, 2017
AICPA News – May 2017
Recent top news and announcements by the American Institute of Certified Public Accountants.
May 22, 2017
May 2017 Accounting & Audit Channel
The next generation exam, which began testing on April 1, has added additional assessment of higher-order cognitive skills that test a candidate’s critical thinking, problem solving and analytical ability. The exam also makes greater use of task-based ...
May 17, 2017
Awards Announced by Center for Audit Quality and American Accounting Association
The Access to Audit Personnel Program will connect these researchers with 400 audit staff and managers at CAQ Governing Board firms: BDO, Crowe, Deloitte, EY, Grant Thornton, KPMG, PwC, and RSM. Now in the program’s fifth year, the CAQ and the AAA ...
May 17, 2017
Insurance Companies Not Prepared to Implement New Accounting Standards
More than 60 percent of the insurance companies are not prepared to implement a new auditing standard, according to a survey conducted by top 10 accounting firm Baker Tilly Virchow Krause, LLP (Baker Tilly). The survey found that these organizations ...
May 16, 2017
Overview of SOC 2 Reports and Updated Trust Principle Criteria
A SOC 2 attestation focuses on an organization’s controls in areas such as operations and compliance. It is performed in accordance with AT Section 101: Attest Engagements, and this report is generally best suited for financial services, health care ...
May 15, 2017
Study Questions Accounting Manipulation to Meet Investor Priorities
Just how much weight do investors assign to revenues as distinct from earnings? New research in the June issue of Accounting Horizons, a journal of the American Accounting Association, finds this answer to vary considerably among five major business ...
May 15, 2017
CPE Webinars for Tax and Accounting Pros Offered by National Society of Accountants
The National Society of Accountants (NSA) has announced the latest courses in its series of ConnectED Webinars, which are approved for continuing professional education (CPE) by the Internal Revenue Service (IRS), National Association of State ...
May 12, 2017
8 Steps to Evaluating Cloud Service Security
With the current break-neck pace of software and technology we can often overlook the fact that "the cloud" is really just outsourcing. The term "cloud" is simply a catch-all term for subscription-based services running on someone else's network.
May 3, 2017
CCH ProSystem fx Knowledge Coach Launches New Knowledge-Based Audit Titles
Wolters Kluwer Tax & Accounting has announced new solutions to expand the Knowledge Coach offering, which is designed to help professionals accurately and effectively conduct preparations, compilations, review and audit engagements.
May 2, 2017
Investors and Center for Audit Quality Want to Preserve SOX Sec. 404(b)
In a joint letter to House Financial Services Committee leadership, the Center for Audit Quality (CAQ), Council of Institutional Investors (CII), and CFA Institute today expressed shared opposition to any legislation that would erode Section 404(b) of ...
May 2, 2017
New CEIV Accounting Credential Recognizes Fair Value Measurement
The exam for the Certified in Entity and Intangible Valuations (CEIV) credential for fair value measurement is now available. It offers the opportunity for finance professionals to receive this credential from the American Institute of CPAs (AICPA) ...
April 26, 2017
AICPA Creates Cybersecurity Risk Management Reporting Framework
The AICPA’s new framework will enable all organizations – in industries worldwide – to take a proactive and agile approach to cybersecurity risk management and to communicate on those activities with stakeholders. Two resources that support reporting ...