Auditing

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December 4, 2018 

Why is There So Little Expense Report Misconduct in China?

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 ...

 AICPA Seeks Input on Inventory Valuation

November 20, 2018 

AICPA Seeks Input on Inventory Valuation

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.

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November 13, 2018 

Why and How Accountants Should “Think Blockchain”

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 ...

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November 7, 2018 

Thomson Reuters Partners with Data Analytics

Emerging innovations such as data analytics, cloud-based technology, and web-based audit solutions are transforming financial audits. Thomson Reuters Enterprise Cloud Audit Suite, including its products such as Checkpoint Engage and AdvanceFlow,, ...