Auditing

December 7, 2018 

Technology is transforming all major practice areas within the accounting profession, and CPAs will increasingly adopt a more strategic role in delivering trusted information and insights, the chief executive of CPA.com said.

December 7, 2018 

Big 4 accounting and business consulting firm KPMG LLP, is making a play for the small business tax and accounting services market with the launch of a new online system called KPMG Spark. The service is the result of the acquisition by KPMG of the ...

December 6, 2018 

As subscription businesses begin to use billing as a competitive edge, constant change creates complexities and downstream implications for finance teams. Additionally, the ASC 606 and IFRS 15 accounting standards that were announced in 2014 will be ...

December 5, 2018 

Leaders of the CPA profession, the regulatory community and representatives from critical stakeholder groups are joining together to explore possible changes to the CPA licensure model that embrace the need for expanded skillsets of professionals. The goal of the effort is to align licensure with how CPAs will perform services in an increasingly technologically-driven environment....…

December 5, 2018 

With the number of public companies declining sharply since the 1990s and more than $1.8 trillion in private capital raised in 2017, the marketplace is embracing RIVIO as a means to create transparency and trust in key financial data.

December 4, 2018 

Like most nations, China has its unique accounting complexities and one example is the country’s Fapiao system, in which receipts and invoices are actual official tax documents printed on the spot. The goal of Fapiao was to create a transparent system ...

November 27, 2018 

In an era where technological advances are evidently making our lives easier, enabling many employees to spend less hours at work and more time doing things they enjoy; it begs the question: What will this mean for the future job market?

November 27, 2018 

The Center for Audit Quality (CAQ) has issued its 11th annual request for proposals to fund independent academic research on projects of interest to the auditing profession. To date, the CAQ has funded 39 academic research projects under the ...

November 21, 2018 

In short, accounting competence in the C-suite is, the professors write, a “two-edged sword” that can either enhance or subvert financial reporting.

November 20, 2018 

The AICPA’s Financial Reporting Executive Committee (FinREC) has issued an early working draft of Inventory Valuation guidance, which is part of a broader forthcoming release of its Business Combinations Accounting and Valuation Guide.

November 20, 2018 

The AICPA requires CPAs in an audit (attest engagement) to provide reasonable assurance in the audit opinion that completed financial statements are free of material misstatements which might be due to error or fraud.

November 13, 2018 

For accountants, the two key important words in the above description are “ledger” and “technology”. Accountants have deeply understood ledgers for centuries. They have been leveraging technologies for decades. Therefore, Blockchain, is not a ...