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...…
May 22, 2018
5 Blockchain Tips for Accounting Firms By Isaac M. O’Bannon, Managing Editor There has been a lot of talk about how blockchain technology will disrupt the role of accounting as we know it today. In truth, disruption has already been happening through automated accounting software and other applications that help accounting firms process data faster,...…
April 30, 2018
BDO Belize’s founding partner, Stanley Ermeav, says that he is very proud to be joining BDO: “Our firm’s core purpose is to deliver outstanding services to our clients, so we are very much in tune with BDO’s exceptional client service brand promise.
March 6, 2018
The AICPA Auditing Standards Board (ASB) has released auditing interpretation No. 4, “Reporting on Audits Conducted in Accordance With Auditing Standards Generally Accepted in the U.S. and the Standards of the PCAOB,” to AU-C section 700, Forming an Opinion and Reporting on Financial Statements. It is designed to provide guidance on how an auditor complies...…
February 27, 2018
It is by applying their novel research methods to assess the U.S. and E.U. current rotation requirements that the professors discover the mandates’ serious shortcomings. Since their data extends from before Sarbanes-Oxley to well after its passage, ...
January 22, 2018
Companies Expand Wiley Content Offered Through AuditFile’s Cloud-based, All-in-One Audit Program and Automation Platform.
December 6, 2017
The Auditor’s Report: Considerations for Audit Committees explains changes to the auditor’s report and lists key questions on topics including auditor tenure, Critical Audit Matters (CAMs) and other new requirements. The new auditor’s reporting model ...
December 4, 2017
Ellison-Taylor sees three critical areas for the profession: responding to the changing cybersecurity landscape; preparing for the future of the profession; and continuing to grow and nurture the talent pipeline.
November 30, 2017
The AICPA Auditing Standards Board (ASB) has released three exposure drafts for comment that seek to enhance the relevance and usefulness of the auditor’s report.
November 1, 2017
The new, eight-hour federal tax update webinar series focuses half a day on the latest developments in individual taxation and half a day on the things tax professionals must know to complete partnership, S corp, and C corp returns for 2017.