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.
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 ...
May 11, 2015
AICPA Creates New Section for Professionals Serving Nonprofits
The American Institute of CPAs has launched a new membership section for practitioners and others who serve or work for the nation’s growing not-for-profit sector. The AICPA’s Not-for-Profit Section will provide support and resources in the areas of ...
May 11, 2015
AICPA Letter to FAF Commends Organization, Makes Recommendations
The American Institute of Certified Public Accountants (AICPA) appreciates the opportunity to review and provide input into the February 2015 Request for Comment (Request) on the Financial Accounting Foundation’s Three-Year Review of the Private ...
May 4, 2015
Guide Helps Firms Comply with New Accounting Standard
Thomson Reuters has introduced PPC’s Guide to SSARS Preparation Engagements in response to the new financial statement preparation service introduced by the Accounting and Review Services Committee of the AICPA.