August 26, 2014
Accounting Firm Case Study Looks at Challenge of Over-Auditing
A new accounting firm case study examines the challenge of "over-auditing," and the effects it can have on efficiency.
August 8, 2014
AICPA Looks for Ways to Enhance Audit Quality
Building on CPAs’ long-standing commitment to provide high-quality services that protect the public, the American Institute of CPAs (AICPA) has issued a discussion paper for all stakeholders in the audit process of private entities. The discussion paper summarizes the Institute’s multi-faceted effort that is designed to help auditors excel in a fast changing and complex…
August 4, 2014
Tax Scams Are a Major Concern for Taxpayers
A majority of U.S. taxpayers view tax scams as a major issue for them, with 78 percent of Americans believing they are vulnerable and could become a victim.
July 30, 2014
Confirmation.com Acquires U.K. Electronic Audit Confirmation Firm
The acquisition reinforces Confirmation.com’s position as the global provider of secure online audit confirmation services and brings in ProConfirm’s local expertise of the UK and European markets.
July 30, 2014
AICPA Amends Standards on Comfort Letters
The changes, which take effect December 15, 2014, are meant to address unintended changes to previous practice as a result of its Clarity Project.
July 10, 2014
PCAOB Settles Suit Against Former Big 4 Accountant
Alleged violations involved ignoring or failing to properly address signs of improperly recognized revenue in significant unusual transactions.
June 30, 2014
ADP SmartCompliance Tax Credits System Undergoes First SOC 2, Type 1 Audit
The operations supporting ADP's SmartCompliance Tax Credits module have successfully completed its first Service Organization Controls (SOC) 2 Type 1 audit.
June 25, 2014
Finance Teams Expand Duties in Response to Business Complexity
The role of finance teams is expanding beyond the traditional areas of accounting and financial reporting, according to a new survey by the AICPA and the Chartered Institute of Management Accountants.
June 18, 2014
Report: IRS Meeting Requirements of Spending Cuts
The part of the U.S. Treasury Department that is tasked with overseeing the Internal Revenue Service has issue the findings of a recent audit of the taxing agency when it comes to its compliance with the budget cuts imposed on the agency's budget as a result of sequestration.
June 3, 2014
Kansas CPA Society to Host Governmental Accounting Conference
The Kansas Society of Certified Public Accountants plans to hold a statewide conference in Wichita next week that will focus on governments and nonprofits.
June 3, 2014
Former Baker Tilly Branch in Milwaukee Renames Firm
The former investment advisory unit of the accounting firm Baker Tilly Virchow Krause has been renamed Bronfman E.L. Rothschild, the company said Monday.
May 5, 2014
New Audit Quality Indicators to be Pilot Tested by Accounting Firms
The Center for Audit Quality (CAQ) today released the CAQ Approach to Audit Quality Indicators, which represents a two-year effort with its member firms to develop perspectives regarding which indicators may be most relevant and how and to whom they should be communicated. The paper sets forth in detail the CAQ approach to communicate a…