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.
March 19, 2014
Report Shows Increased Risk Management Challenges
Internal business changes intended to address dynamic market shifts have created a more complex risk landscape for businesses around the globe. Compounding this problem, according to the PwC US Risk in Review report, “Re-evaluating how your company addresses risk,” is that traditional risk management systems have not evolved fast enough to monitor, track and manage…
March 18, 2014
AICPA Comments on ‘Valuation of Customer-Related Assets’ Exposure Draft
The AICPA's Forensic and Valuation Services Executive Committee submitted a comment letter to The Appraisal Foundation on the second exposure draft of Valuation of Customer Related Assets on February 28. The exposure draft offers guidance for those that are preparing fair value measurements of customer-related assets.
March 13, 2014
Intuit Unveils the New QuickBooks Online Accountant
Last year, Intuit created true harmony among its products and services, rolling out one look and feel that would make it easier for users to switch between products. The financial management solution provider has now extended that harmony to its QuickBooks Online Accountant solution. In February, Intuit debuted its enhanced QuickBooks Online for Accountants.
March 13, 2014
How Denali Software Helped a Retailer Get a Solid Footing
Building a successful business is about more than just finding a market with a need, motivation and savvy, it also requires efficiently managing company’s finances, sales, expenses and other costs. For many small business owners, however, this can become a chore.
March 12, 2014
Study Says Many CEOs are Too Friendly with Audit Committees, Urges SEC Action
A decade after scandals at Enron, Worldcom, and other companies dramatized the need for improved corporate financial monitoring, this critical regulatory challenge remains in essential ways unmet, new research suggests.
March 12, 2014
Businesses Save Time & Money with Integrated Payment Processing
For small businesses, time is money, and a new survey shows that processing customer payments directly through their bookkeeping or ERP system can save up to five minutes per transaction. That can really add up.
March 12, 2014
Earnings Restatements Can Cause Long-Term Loss of Credibility
Following earnings restatements, companies lose credibility with investors for 3 years, much longer than previously believed
March 11, 2014
GASB Offers New Toolkit for Pension Accounting Standards
A new online pension implementation toolkit was released today by the Governmental Accounting Standards Board (GASB). The toolkit is designed to help preparers, auditors, and users of state and local government financial reports understand and apply the revised pension accounting and financial reporting standards that the GASB approved in June 2012. The toolkit is available…
March 5, 2014
Cashier Admits Embezzling $1 Million to Hide Online Affair
A tale of sexting, blackmail and embezzlement involving two couples in Ohio and West Virginia reached a head last week when one of the parties, a former Bethany College cashier, admitted to stealing $1 million from the school to keep an online affair secret from her husband.
February 11, 2014
How Distributed Scanning Helps Streamline Accounting Workflow
I’ve been doing a lot of work writing and consulting on the topics of document management and workflow, and had seriously written off the hardware side of those critical accounting functions. After all, what more could be said about buying printers and scanners.
February 4, 2014
Virginia Environmental Agency Faces Critical Audit Over Grant Funds
Signs of poor financial oversight at a Virginia state agency responsible for environmental stewardship emerged late last summer when federal government monitors spotted record-keeping gaps during a review of six grants awarded to Virginia totaling nearly $740,000.
February 4, 2014
Tips to Make a Business Audit Less Traumatic
The letter lands in your business mailbox. The return address shows it's from the Internal Revenue Service. Before it's even opened, nervousness sets in.