Auditing

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 ...

November 12, 2018 

Eighty-four percent of new software today is delivered as SaaS. This percentage is expected to increase as existing providers transition to a subscription-based model. Yet, many software providers are ill prepared for the unique challenges and ...

November 8, 2018 

This year marks Baron’s 21st consecutive and final Users’ Conference keynote, as he will be leaving the business at the end of the year. Baron joined Thomson Reuters in 1992 and has been managing director of the Professional segment of the Tax & ...

November 7, 2018 

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,, ...

November 5, 2018 

Varied, unique workflows to handle cross-border transactions create detours adding operational costs related to transaction fees, time, and manual labor. They may have one payment flow to pay using wire transfers.

November 5, 2018 

We need more women leaders in technology companies. Having personally experienced gender bias during my career, it’s hard for me to say this because the last thing I want to do is advocate for bias of any kind. The goal should always be to hire the ...

November 1, 2018 

The amount of information available to investors and other stakeholders on audit committee oversight of the external auditor continues to increase, according to the fifth edition of the Audit Committee Transparency Barometer, an annual report issued ...

October 30, 2018 

The Privacy Shield Framework gives companies a means to comply with data protection requirements when transferring personal data from the EU to the US. The certification signifies compliance with the Framework’s stronger data protection obligations, ...

October 26, 2018 

Given that the risk of detection is also only 25 percent, then more than half of perpetrators – most often the CEOs and CFOs of major companies – could find it beneficial to commit financial reporting misconduct, according to research from Columbia ...

October 25, 2018 

Introduced in limited release in September, Sage Intacct Budgeting and Planning is a powerful, yet easy to use, cloud-based financial budgeting and planning solution that streamlines and improves the budget planning process. It is designed for small ...

October 24, 2018 

Now in its 6th year, the Emerging Leaders Program allows tax and accounting firms to nominate a rising star who displays key attributes including technical competency, exceptional communication skills, strong client service behavior, forward thinking ...