Auditing May 15, 2026
Group Audits: Why Complexity Persists and Why Judgment Still Matters Most
Under new, risk-based standards, group auditors still face critical judgements about complex matters.
August 8, 2016
Workers Want To Know How They Affect Their Company’s Bottom Line
The findings uncovered different sentiments among age groups. Fifty-nine percent of professionals 55 years of age and older consistently see how their work contributes to the company's bottom line, but just 38 percent of those 35 to 54 years old agreed.
August 2, 2016
New FASB Update to Enhance Tax Disclosure Requirements
The proposed ASU is part of the FASB’s broader disclosure framework project to improve the effectiveness of disclosures in notes to financial statements by clearly communicating the information that is most important to users of a reporting ...
July 31, 2016
New Financial Instruments Impairment Standard Poses Challenges
Under the new model, there is no trigger event before booking expected credit losses; rather, they are recognized on day one. This day-one recognition of expected credit losses is likely the most controversial provision of the new guidance.
July 26, 2016
Report Focuses on New Accounting Model for Leases
Leasing is an important source of financing for many entities in the United States and around the globe. Many entities enter into leasing arrangements to gain access to assets, obtain financing, or reduce exposure to the risks of ownership of an asset.
July 19, 2016
Canadian Millennials and Gen Xers Less Confident On Financial Goals
For Baby Boomers, however, financial confidence has edged up three percentage points, with 82 per cent now confident they will meet their goals.
July 6, 2016
Financial Execs Struggle To Measure and Mitigate Risks
The survey also reveals that many organizations face a large challenge in moving toward a higher maturity of GRC activities – 43 percent of respondents say they are operating their compliance efforts at an ad hoc or fragmented/siloed level.
June 27, 2016
Most U.S. Companies Lagging On New FASB Revenue Recognition Standard
60 percent of respondents indicated that they are running behind schedule in their overall implementation of the standard, which has an effective date as early as January 1, 2018, for many organizations.
June 21, 2016
FASB Finalizes Standard for Credit-Loss Accounting
After numerous delays and extensions, the Financial Accounting Standards Board (FASB) issued its long-awaited final standard on accounting for credit losses on Thursday. After meeting with concerned community bankers, auditors and regulators, the ...
June 15, 2016
Watch Your Step! Don’t Trip into Investment Advice
A client asked his CPA for her opinion regarding an investment they were considering. Because the CPA did not have experience with this type of investment, she advised the client to consult with his own financial adviser, but she did not document the ...
June 10, 2016
Change Is Imminent (In Accounting)
In order to remain above the competition and provide the most up-to-date accounting skills, it’s wise to stay informed on what’s affecting the world of accounting and what kind of an impact it has on the overall health of the accounting industry.
June 8, 2016
Finance and Compliance Costs Increasing for U.S. and Canadian Businesses; Employment Costs Spike
The research also found employment-related costs spiked sharply for the largest companies ($5 billion or more in revenue) to 5 percent of revenue, compared to 1.1 percent in 2015. According to the study, this may be a reflection of the tight market ...
May 20, 2016
The Value of Non-GAAP Measures and Other KPIs
Non-GAAP measures and other key performance indicators (KPI’s) have made headlines recently as more and more companies are including non-GAAP measures in their SEC filings and public communications.