Auditing

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July 12, 2019 

New AuditFile Release Strengthens Compliance Controls

The Spring Release further automates built-in tools to help practitioners comply with risk assessment and internal control requirements, establishing clear links between identified risk and testing performed.

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July 9, 2019 

AICPA News June 2019

The National Association of State Boards of Accountancy (NASBA) and the American Institute of CPAs (AICPA) are seeking public comment on proposed revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards).

Mary Girsch-Bock

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July 2, 2019 

Corporate CPAs Concerned About Derivatives

When asked about their company financial statements, 59 percent of the CPAs surveyed reported having complex financial instruments such as mortgage-backed securities, interest rate swaps or other derivatives on their company balance sheets.

 Grier and Berson Appointed to Lead CAQ Board

June 26, 2019 

Grier and Berson Appointed to Lead CAQ Board

The CAQ’s Governing Board is comprised of chief executive officers from leading public company auditing firms and the American Institute of CPAs, as well as three independent board members from outside the public company auditing profession.

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June 21, 2019 

CFOs Expanding Role in Management

A notable development in corporate governance over the past two decades is that chief financial officers have considerably expanded their role in management, in many instances assuming the additional position of chief operating officer.

 Thomson Reuters to Acquire Audit Company Confirmation

June 21, 2019 

Thomson Reuters to Acquire Audit Company Confirmation

Thomson Reuters has acquired Confirmation, a leading provider of secure audit confirmation services. Confirmation has a 19-year history of providing digital confirmation services to more than 16,000 audit firms, 4,000 banks and departments and 5,000 ...

 AICPA Considers Aligning U.S. Statements on Standards for Accounting and Review Services with International Standards

June 19, 2019 

AICPA Considers Aligning U.S. Statements on Standards for Accounting and Review Services with International Standards

The American Institute of CPA’s (AICPA) Accounting and Review Services Committee (ARSC) has issued an exposure draft of a Proposed Statement on Standards for Accounting and Review Services (SSARS) Materiality in a Review of Financial Statements, Adverse Conclusions, and Special Purpose Frameworks to amend AR-C sections 60, 70, 80, and 90 in AICPA Professional Standards....…

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June 18, 2019 

Staffing a Top Concern for Accounting Firms

One issue that is becoming more pressing for firms is keeping pace with tax law changes and complexity, partly a reflection of the recent impact of the federal Tax Cuts and Jobs Act of 2017. And concern over cybersecurity and data breaches for both ...