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.
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 ...
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 ...