Auditing March 4, 2026
SEC and PCAOB Enforcement Plummets
In 2025, the SEC brought 68% fewer accounting and auditing actions than in 2024, and the PCAOB finalized 27% fewer actions over the same period, according to Cornerstone Research.
July 29, 2015
Five Ways 3-D Printing Will Impact the Accounting Profession
the massive expansion of applications and decreasing costs of 3D processing are driving a new generation of additive processes that will revolutionize industries. It will also drive a revolution in accounting.
July 28, 2015
Effective Internal Auditing in Today’s Dynamic Business Environment
The world as we know it is rapidly changing. For example, 3D printing devices are revolutionizing design and manufacturing; automated drones are transforming the way goods are delivered; big data analytics are enabling people to slice and dice through ...
July 27, 2015
AICPA Makes Major Revisions to Key Audit Guides
The 2015 edition of the AICPA Audit Guide, Government Auditing Standards and Single Audits, is an indispensable resource for auditors performing single audits of federal expenditures, as well as audits performed in accordance with Government Auditing ...
July 22, 2015
IRS Changing Identity Theft Policy to Combat Tax ID Threats
If you have ever had a client facing identity theft, you know that the first thing they want to find out is what specific information was compromised. But, until recently, the IRS has had a policy in place that prevented identity theft victims from ...
July 22, 2015
Thomson Reuters Issues Special Report for Financial Audits of School Districts
Thomson Reuters has released a special report on school district auditing to address the unique characteristics of planning and performing audits for public school districts and provides tips to help professionals perform effective and efficient school...
July 22, 2015
IRS Has Material Weakness in Internal Controls Over Unpaid Tax Assessments
The Internal Revenue Service (IRS) is currently planning activities to address a recurring financial material weakness in its internal control over unpaid tax assessments. However, planning for the Customer Account Data Engine 2 (CADE 2) Transition State 2 (TS2) has not included specific actions and activities necessary to guide new system development efforts and to...…
July 11, 2015
Audit Committee Members Say New Technologies Provide Vital Benefits
More than 75 percent of audit committee members and financial statement preparers surveyed believe there are significant benefits to auditors utilizing advanced technologies.
July 6, 2015
Thomson Reuters Issues Updates to Checkpoint Audit Portfolio
Thomson Reuters has released the 2015 editions of its widely-used series of audit guides and related practice aids for multiple industries, including commercial entities, nonprofit organizations, local governments, and employee benefit plans.
July 1, 2015
New Legal Confirmation Service Helps Auditors and Lawyers
The platform streamlines everything from preparing and post-dating letters for automated release, obtaining client approvals, tracking responses and receiving documented updates.
June 30, 2015
Group Offers Sustainability Accounting Standards for Consumption Industries
Example disclosure topics include food safety, labeling & marketing integrity, climate change adaptation, and supply chain management. The standards average six topics per industry, and 71 percent of metrics are quantitative.
June 26, 2015
AICPA Issues New Guide to Help CPAs Interpret and Apply SSARS No. 21
The new guide, available as an eBook and in print format, was written to assist CPAs in interpreting and applying SSARS No. 21, as well as to provide interpretative guidance and implementation strategies for all preparation, compilation and ...
June 16, 2015
Accounting Firm Launches Risk Management Solution for Financial Institutions
To help financial institutions more effectively manage model risk and respond to examiner expectations, Crowe Horwath LLP, one of the largest public accounting, consulting and technology firms in the U.S., has introduced the Crowe Model Risk Manager ...