August 12, 2019
What earns auditors a good reputation? Common sense suggests that being of service to investors should go a long way toward that end. In the words of a study being presented at this week’s annual meeting of the American Accounting Association...
July 9, 2019
The National Association of State Boards of Accountancy (NASBA) and the American Institute of CPAs (AICPA) are seeking public comment on proposed revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards).
June 26, 2019
Among companies that reported an increase in their SOX compliance hours, 59 percent reported the number of hours went up by more than 10 percent over the prior year.
May 8, 2019
This suite of auditor reporting standards includes a new AU-C section 701, Communicating Key Audit Matters in the Independent Auditor’s Report, and replaces the following AU-C sections in AICPA Professional ...
May 6, 2019
The Center for Audit Quality (CAQ) and the Auditing Section of the American Accounting Association (AAA) have made four new awards under the Access to Audit Personnel Program. Now in its seventh year, the program connects academics with audit ...
April 19, 2019
As the end of the academic calendar year approaches for charter schools, so too does audit season. If you’re a member of the finance or operations teams for a charter school, you already know what’s in store, and that gearing up for audit season is a ...
February 20, 2019
A total of 255 IPOs took place in U.S. capital markets in 2018, of which 156 were audited by the Big Four. Marcum represented 25% of the remaining 99 transactions, or 1 in 4 of all IPOs where a non-Big Four auditor was selected to represent the company.
February 14, 2019
Marcum LLP led the accounting industry with more net new SEC clients in 2018 than any other U.S. accounting firm, according to Audit Analytics. Marcum finished the year with a net gain of 31 SEC registrants, outperforming all Big 4 accounting firms, ...
February 13, 2019
In her new role with the AICPA, King will work with the advocacy team in the Washington, D.C. office promoting and defending the public and management accounting profession’s global public policy agenda.
January 7, 2019
Since its enactment in 2002 in response to notorious financial scandals at Enron, WorldCom, and other corporate behemoths, the Sarbanes-Oxley Act, or SOX, has been a continuing target of criticism. And probably no provision of the law has provoked ...
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.
September 4, 2018
With GDP now hovering around four percent and consumer confidence reaching highs not seen since before the dot-com crash, the economy is finally starting to look favorable for accounting firms. Tempering this enthusiasm is the constant concern that increased computing power will continue to make inroads, and eventually automate, the traditional practice areas such as...…