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.
June 15, 2015
Awards Spotlight Innovations in Tax & Accounting Technologies
The winners of the 12th annual Tax & Accounting Technology Innovation Awards, all cloud-based solutions, are examples of this new reality of on-demand information and business agility.
June 10, 2015
AICPA Makes Recommendations to IRS on Accounting Method Changes
The AICPA recommended that to the extent taxpayers may make accounting method changes for mischaracterized R&E expenditures with a section 481(a) adjustment they should receive audit protection for prior years.
June 8, 2015
10 Lean Six Sigma Audit Considerations
The application of Lean Six Sigma principals has helped countless organizations objectively re-evaluate and streamline their production processes. Lean Six Sigma is a consulting methodology gaining favor in the accounting profession for its focus not ...
June 5, 2015
How to Handle Short Time-Frame Tax Audits
As if getting audited wasn’t bad enough, now the IRS has added a new twist: the short timeframe audit. With these types of audits, it is possible that an audit case could be closed by the IRS before your client has a chance to show you the letter. This ar
June 4, 2015
Quality of Employee Benefit Plan Audits Must Be Improved, Says Report
Accounting and advisory firm Baker Tilly Virchow Krause, LLP (Baker Tilly) has rearticulated the necessity of improving audit quality after a May 28th United States Department of Labor (DOL) report on its inspection of 2011 employee benefit plan audits.
May 27, 2015
Center for Audit Quality Launches Online Video Series Highlighting Critical Issues
The Center for Audit Quality (www.TheCAQ.org) has launched an online video series that aims to highlight critical issues facing the public company auditing profession and the markets.
May 20, 2015
QuickBooks, NetSuite, Intacct, Xero and FreshBooks Earn High Marks in Accounting Software Rankings
Four platforms earn Leader status while Intacct tops overall satisfaction rankings in crowdsourced report
May 19, 2015
NASBA and AICPA Propose Revisions to CPE Standards
The National Association of State Boards of Accountancy (NASBA) and the American Institute of CPAs (AICPA) today issue proposed revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards) for public comment. Pu
May 15, 2015
2015 Reviews of Accounting Systems for Nonprofits
Like any business, nonprofits need to monitor expenses, create a viable income stream, pay bills, and invoice and collect on past due monies. But unlike a regular business, a nonprofit also needs to manage multiple programs, track and maintain ...
May 14, 2015
AICPA Has 6-Point Plan to Improve Audit Performance
The American Institute of CPAs (AICPA) has released a Six-Point Plan to Improve Audits that provides a roadmap for the profession’s continued journey to audit excellence. The plan concentrates on financial statement audits for private companies ...
May 13, 2015
New Sage Impact Offers Customizable Hub for Accounting Professionals
Sage collaborated with accountants and bookkeepers to review and rethink the changing role of accounting professionals, as core areas like tax and compliance have become more automated. For the first time, Sage has brought together many of the everyday...
May 13, 2015
How To Help Your Not-For-Profit Clients
The NFP segment of the U.S. market has historically been 5% of all businesses. This market share has grown to over 10% in the last decade. While business may be doing charitable, human interest or targeted work, this does not mean that the ...