Auditing

June 26, 2019 

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.

June 26, 2019 

Among companies that reported an increase in their SOX compliance hours, 59 percent reported the number of hours went up by more than 10 percent over the prior year.

June 21, 2019 

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.

June 21, 2019 

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 ...

June 20, 2019 

A roundup of recent news from the AICPA.

Mary Girsch-Bock

June 19, 2019 

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....…

June 18, 2019 

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 ...

June 18, 2019 

A roundup of accounting firm staffing news.

June 18, 2019 

The three-way match, which cross-references invoices, purchase orders, and receiving documents before issuing payments, has been considered the industry-standard procedure in accounts payable departments for years—until now. As businesses become more sophisticated, there are far more data points to confirm the validity of an invoice. Does it include all early payment discounts? Are the payment...…

June 12, 2019 

Cathy Engelbert, CPA 2019 Most Powerful Women in Accounting Former CEO, Deloitte www.deloitte.com Incoming Commissioner, WNBAAccounting, Lehigh University ====== What advice would you give to female college students about the opportunities for women in the accounting profession? Life doesn’t go in a straight line, and you can’t predict where it will take you, so you’ll...…

June 12, 2019 

Tracey Golden, CPA, CGMA 2019 Most Powerful Women in AccountingPartner, Americas Risk Leader – Deloittewww.Deloitte.comVice Chair – AICPAB.S./B.A. Georgetown University ========= What advice would you give to female college students about the opportunities for women in the accounting profession?   Speaking from my experience, the opportunities have been beyond my expectations when I first decided...…

June 12, 2019 

Samantha Mansfield 2019 Most Powerful Women in AccountingDirector of Professional Development & CommunityCPA.com B.A./Marketing, Hillsdale College ========== What advice would you give to female college students about the opportunities for women in the accounting profession? There are many career paths to be traveled, especially for those good with accounting skills and numbers.  Look to the...…