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 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.
May 20, 2014
KPMG Inside Trader to Give CPE Webcast on Ethics Before Going to Prison
Scott London, former senior partner at KPMG, will be the guest in a CPE-eligible webcast on accounting ethics. The event, scheduled for June 25, will be hosted by former NASBA chair Gaylen Hansen.
May 19, 2014
GASB Releases Exposure Draft on Fair Value Measurement and Application
The Governmental Accounting Standards Board (GASB) today issued for public comment a proposed Statement addressing accounting and financial reporting issues related to fair value measurements.
May 12, 2014
2014 Review of FUND E-Z Nonprofit Accounting Version 10
BASIC SYSTEM FUNCTIONS – 5 Stars FUND E-Z is easily installed in just a few minutes, and potential users are able to download a 30-day demo from the website for a trial run. A recent redesign offers users an easily navigatable ribbon-style menu similar to the ribbons found in the Microsoft Office products. Fully customizable,...…
May 12, 2014
2014 Review of Blackbaud – The Financial Edge
Basic System Functions – 5 Stars The Financial Edge is available as an on-premise product or as a hosted product. Though a robust system, The Financial Edge is easily navigated, with a drop-down menu at the top of the main screen offering access to system modules. A vertical navigation bar offers quick access to all...…
May 12, 2014
2014 Review of Aplos Fund Accounting
BASIC SYSTEM FUNCTIONS: 4.5 Stars 100 percent cloud-based, Aplos requires no product installation, a plus for small nonprofits with limited staff. The main user interface contains several tabs listed vertically on the left side of the screen: Dashboard, Settings, Accounts, Transactions, Contacts, and Reports. Rather than continuing as an App-based system, Aplos made the transition...…
May 12, 2014
2014 Review of Serenic Software – Serenic Navigator
BASIC SYSTEM FUNCTIONS – 5 Stars The web-based version, Serenic Navigator Express, removes the need for Serenic personnel to install and configure the system. System implementation is wizard-driven, with ongoing product support provided by Serenic support staff as needed, though some initial training could be beneficial. Assistance with implementation is available if requested. Using Serenic...…
May 12, 2014
2014 Review of Araize FastFund Nonprofit Accounting
BASIC SYSTEM FUNCTIONS – 4.75 Stars Designed by CPAs, FastFund Nonprofit Accounting is available in both Basic and Premium editions, making it a good fit for smaller nonprofits looking for a product that also offers room to grow. FastFund Nonprofit Accounting can be used with Windows or Mac Operating systems, and all data is secured...…
May 8, 2014
FAF Issues Annual Report
The Financial Accounting Foundation (FAF), which oversees FASB and GASB, has issued its 2013 Annual Report, detailing the organization's activities and key issues during the past year.