Auditing

 AICPA Looks for Ways to Enhance Audit Quality

August 8, 2014 

AICPA Looks for Ways to Enhance Audit Quality

Building on CPAs’ long-standing commitment to provide high-quality services that protect the public, the American Institute of CPAs (AICPA) has issued a discussion paper for all stakeholders in the audit process of private entities. The discussion paper summarizes the Institute’s multi-faceted effort that is designed to help auditors excel in a fast changing and complex…

Isaac M. O'Bannon

 PwC Report Examines Cyber Risks for Companies

July 31, 2014 

PwC Report Examines Cyber Risks for Companies

A new report from PwC US and the Investor Responsibility Research Center Institute (IRRCi) indicates that while companies must disclose significant cyber risks, those disclosures rarely provide differentiated or actionable information. The report examines key cybersecurity threats to corporations and provides information to investors struggling to evaluate investment risk, business mitigation strategies and the quality…

Isaac M. O'Bannon

 Forensic Accounting Case Study Spotlights CFO Fraud

July 28, 2014 

Forensic Accounting Case Study Spotlights CFO Fraud

A client requested an initial audit to satisfy bank requirements of a wholesale/distributor of office products. The experienced team at Gettry Marcus performed the required audit procedures, but as it does with all clients, Gettry Marcus looked beyond the required steps.

Isaac M. O'Bannon

 FASB Simplifies Inventory Management Guidelines

July 15, 2014 

FASB Simplifies Inventory Management Guidelines

As part of an initiative towards simplifying accounting standards, the Financial Accounting Standards Board (FASB) has issued two proposed updates that are meant to ease the measurement of inventory and eliminate the requirements for extraordinary items

Isaac M. O'Bannon