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.
December 30, 2013
What is IaaS (Infrastructure as a Service)?
As more and more firms consider moving to the cloud, the various flavors of cloud become a focal point of their diligence. We get a fair amount of questions about IaaS, (a.k.a. Infrastructure as a Service) and what specifically sets it apart from the other options available today. See Wikipedia’s definition of Cloud for more…
December 11, 2013
PCAOB Scrutinizes Engagement Quality Reviews
The Public Company Accounting Oversight Board (PCAOB) has released a report that provides information about registered audit firms' implementation and compliance with Auditing Standard No. 7, Engagement Quality Review.
December 5, 2013
Free CPE Webcast: A New Approach to Government Audits
Free CPE Webcast: Tuesday, Dec. 17, 2013 - 2pm ET - Earn 1 hour of CPE credit.
December 4, 2013
AICPA Tells Senators To Oppose Limit on Use of Cash Method Accounting
The American Institute of CPAs (AICPA) has sent a letter to the chairman and ranking member of the Senate Finance Committee opposing any limitation on the use of the cash method of accounting on natural persons, pass-through entities, personal service corporations and farmers. A proposal under consideration in the Senate would require these companies to…
December 4, 2013
Beyond Crunching Numbers: How Cloud Services Can Differentiate Your Firm
With cloud services, it is easier than ever to meet client demands and to set yourself apart from competing firms. While many firms are understandably resistant to change, the cloud’s benefits far outweigh the risks.
December 3, 2013
Pittsburgh Controller Says Better Controls Needed
Pittsburgh City Controller Michael Lamb said today that the Department of Public Works needs to do a better job of keeping track of its inventory after an audit found equipment was missing.
December 3, 2013
Four steps to bill more for practice and procedure work
Like most practitioners, I had trouble successfully billing for post-filing work. The reasons are complicated. It’s often an issue of back-and-forth time with clients or the IRS/state taxing authorities.
November 26, 2013
Ernst & Young Voted Top Accounting Firm for Hedge Fund Industry
The "Big Four" accounting and consulting firm Ernst & Young LLP has received two industry honors in the accounting and auditing space. The firm has been named Best Accounting Firm by the HFMWeek 2013 U.S. Hedge Fund Service Awards for the fifth consecutive year, and ranked as the top global audit and accounting service provider…
November 21, 2013
New Worldwide Private Company Database Addresses Challenges of Transfer Pricing
Thomson Reuters recently released a new database designed to provide transparent, detailed data to transfer pricing professionals.
November 20, 2013
How Analytical Procedures Help Evaluation of Financial Data
Analytical procedures are used by accountants in multiple levels of service, and they are critical to evaluating financial data and variations that occur in financial data. But selecting and documenting analytical procedures are subjective processes, so the area of analytical procedures is one that can cause frustration for accountants.
November 20, 2013
KPMG Works With NYSE to Produce New IPO Guide
Offers C-Level Executives Considering an IPO Insight on Compliance and Regulatory Requirements
November 18, 2013
Intacct Adds New Social Media Platform
On Monday, Intacct announced the addition of a new social platform to its cloud financial management and accounting software.