Auditing

September 5, 2014 

Audits are not the realm of only the Big 4 and other very large practices. Many small and mid-sized firms also offer A&A services to their clients. But audits can certainly be complex and labor intensive, not to mention the considerable regulatory obligations that accompany them. With the right tools and services, such as those…

September 4, 2014 

New Visualization Capabilities Allow Audit, Risk, and Compliance Professionals to Deliver Data Interpretations That Matter to the Business

September 3, 2014 

Dolinar, 55, is managing partner of the Assurance Professional Practice, national office of Crowe Horwath LLP, Chicago, Ill. As chairman, he will head one of the Institute’s most important volunteer bodies. It serves as the AICPA’s official voice on financial reporting matters and develops industry-specific accounting guidance. The committee’s membership includes representation from business and…

Isaac M. O'Bannon

September 2, 2014 

"“The CAQ commends FASB for its efforts in developing a standard that provides guidance regarding a preparer’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern, and, where required, to provide footnote disclosures about going concern uncertainties each reporting period," said executive director Cindy Fornelli.

Isaac M. O'Bannon

August 27, 2014 

The Center for Audit Quality (CAQ) has released the Professional Judgment Resource, a guide designed to provide auditors with an example of a decision-making process to facilitate important auditing and accounting judgments in a professionally skeptical manner.

August 26, 2014 

A new accounting firm case study examines the challenge of "over-auditing," and the effects it can have on efficiency.

August 20, 2014 

An accounting standard for state and local governments that addresses the impairment of capital assets and insurance recoveries provides important information to users of financial statements and resolves some but not all of the issues underlying its purpose.

Isaac M. O'Bannon

August 11, 2014 

Michigan Governor Rick Snyder, a credentialed Certified Public Accountant, has received the American Institute of CPA's 2014 Outstanding CPA in Government Impact Award: State Level.

Isaac M. O'Bannon

August 8, 2014 

A weekly roundup of professionals in the tax and accounting profession that have changed jobs and/or been promoted.

August 8, 2014 

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

August 4, 2014 

A majority of U.S. taxpayers view tax scams as a major issue for them, with 78 percent of Americans believing they are vulnerable and could become a victim.

Taija Sparkman

July 31, 2014 

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