Auditing April 1, 2026
The IIA Enhances CIA Challenge Exam Program, Expanding Access Through New Pathway Pilot
The Certified Internal Auditor (CIA) is the only globally recognized certification for internal auditors.
June 12, 2014
How to Determine Reasonable S-Corp Shareholder Compensation
Income from an S corporation, which flows through to its shareholders and is taxed at the individual level, is normally not subject to self-employment tax. Most S corporations, however, have shareholders performing substantial services for the corporation as officers and otherwise.
June 10, 2014
Center for Audit Quality Supports PCAOB Efforts
Improved audit quality is a goal being pursued by the Public Company Accounting Oversight Board (PCAOB), and a non-partisan audit advocacy group is supporting its recent efforts.
June 7, 2014
2014 Review of Kashoo
Kashoo is a web-based micro-business application which describes itself as a tool for “real simple accounting” and “small business record-keeping.” Users can connect Kashoo to bank and credit card accounts online, and transactions are imported into the application without data entry. Payroll giant Paychex made an investment in the company in 2013 and now remarkets...…
June 6, 2014
2014 Review of Wave Accounting
Wave Accounting is part of Wave Apps, which is a suite of free or low-cost apps for self-employed individuals and micro-businesses to accomplish traditional accounting tasks like billing customers, recording payments, writing checks, and downloading transactions from financial institutions.
June 5, 2014
FASB and IASB Form Joint Transition Resource Group for Revenue Recognition
Members of the TRG include financial statement preparers, auditors and users representing a wide spectrum of industries, geographical locations and public and private companies and organizations.
June 4, 2014
Financial Accounting Foundation Appoints Two New Members to GASB Advisory Council
The Board of Trustees of the Financial Accounting Foundation (FAF) today announced the appointment of two new members to the Governmental Accounting Standards Advisory Council (GASAC).
June 4, 2014
Special Report Offers Overview of New FASB and IASB Revenue Recognition Model
Financial information and technology company Thomson Reuters has released a special report, An Overview of the Revised Accounting Model for Revenue Recognition, which provides useful insights for corporate management teams, shareholders, lenders, analysts, investors, regulators, and accounting firms that utilize revenue to monitor organizations' financial performance and general financial health.
June 3, 2014
Kansas CPA Society to Host Governmental Accounting Conference
The Kansas Society of Certified Public Accountants plans to hold a statewide conference in Wichita next week that will focus on governments and nonprofits.
June 3, 2014
Former Baker Tilly Branch in Milwaukee Renames Firm
The former investment advisory unit of the accounting firm Baker Tilly Virchow Krause has been renamed Bronfman E.L. Rothschild, the company said Monday.
June 2, 2014
Target Board Defends Role Before and After Data Breach
Under fire for its handling of the data breach, Target's board is now defending itself to shareholders in advance of next week's annual meeting.
May 28, 2014
IASB and FASB Jointly Set New Revenue Recognition Standard
The standard will improve the financial reporting of revenue and improve comparability of the top line in financial statements globally. Revenue is a vital metric for users of financial statements and is used to assess a company’s financial performance and prospects. However, the previous requirements of both IFRS and U.S. GAAP were different and often…
May 27, 2014
Thomson Reuters Releases Topical Newsletters for Accounting Firms
The tax and accounting arm of Thomson Reuters has released two new content marketing solutions for CPA firms interested in growing their accounting, auditing, and international tax practices.