End of Month 300x200 1  588b798e6d80d

January 27, 2017 

Survey: Month-End Bookkeeping Processes Are No Fun

Month-end bookkeeping and business management processes are labor-intensive, prone to error, create stress in staff, and can even hurt personal relationships, according to a new survey from FloQast, Inc.

ethics 1  588b6f0b2de04

January 27, 2017 

Board Proposes New Code of Ethics for Accountants

The outcome of the first phase is a new structure and drafting convention, as well as a major restructured portion of the Code. The IESBA’s overall restructuring efforts are intended to result in a Code that is more understandable and easier to use ...

iManage 20226x226 1  57e44f718f538

January 24, 2017 

iManage Releases Security Policy Manager and Threat Manager

Tight integration between iManage Security Policy Manager and iManage Work means that security changes can be applied automatically without the system stress and performance lag that competitive products cause on creation of a new policy, as ...

 AICPA Issues New Revenue Recognition Guide

January 17, 2017 

AICPA Issues New Revenue Recognition Guide

With companies and not-for-profit entities facing a top-to-bottom review of their revenue recognition because of a looming accounting standard, the American Institute of CPAs (AICPA) has issued the first online edition of an Audit & Accounting Guide ...

 Clarity on Switch from SSAE 16 to SSAE 18

January 16, 2017 

Clarity on Switch from SSAE 16 to SSAE 18

The switch from SSAE 16 to SSAE 18 will have an impact on companies who currently perform the SSAE 16 audit, but will have an even greater impact on those companies who are considered third party vendors to other businesses, and currently do not ...

 FASB to Host Roundtable Meetings on Disclosure Framework

January 16, 2017 

FASB to Host Roundtable Meetings on Disclosure Framework

The purpose of the roundtable meetings is to obtain feedback on whether the proposed FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements (Chapter 8) , is useful in identifying relevant ...

 New Accounting Credential for Entity and Intangible Valuations

January 10, 2017 

New Accounting Credential for Entity and Intangible Valuations

The AICPA, the American Society of Appraisers (ASA) and RICS (Royal Institution of Chartered Surveyors) are offering a new credential that will enhance the quality, consistency and transparency of fair value measurement results in financial reporting.

Content-Audit1

January 9, 2017 

Report Helps Auditors Avoid Common Practice Pitfalls

This report comes on the heels of the release of the latest AICPA peer review findings, which were identified during peer reviews of firms that perform audit and attest engagements. The focus of peer reviews is to assess and improve audit quality and ...

riskmanagement-100041109-large_11143534

January 8, 2017 

Risk Management Top Concern for Audit Committees

Overall, audit committees are largely satisfied that their agendas are properly focused on legal and regulatory compliance issues, maintaining internal controls over financial reporting, and key assumptions underlying critical accounting estimates.

electronicpayment 1  5835cde944f0e

December 7, 2016 

Accountants Want To Eliminate Paper Checks

Additionally, the survey exposed concerns about bill payment efficiency and security. Respondents that relied on handwritten checks or computer-printed checks often spend more time on bill payment, and 66% of all respondents worry that clients do not ...

Isaac M. O'Bannon

virtual cfo 5727dbdee6256

December 6, 2016 

Virtual CFO Services & Fees Growing, AICPA MAP Survey Shows

Client accounting services has become an important line of business for CPA firms in all size segments, even as overall client fees are growing, according to a survey sponsored by the AICPA Private Companies Practice Section and CPA.com.