October 12, 2017
Alerts Warn of Risks in Upcoming Audit Cycle
The Center for Audit Quality (CAQ) has published two new member alerts to help public company auditing firms address potential risks during the upcoming 2017 audit cycle.
August 21, 2017
David Gosselin, CPA – 2017 40 Under 40 Honoree
David Gosselin, CPA Age: 35Employer: dbbmckennonTitle: PartnerCity/State: Long Beach, CAWebsite: www.dbbmckennon.com Listen to this podcast David has pioneered Equity Crowdfunding for the CPA industry. After passage of the JOBS Act in 2012, David sought out to become the national CPA expert and thought-leader in equity crowdfunding for the newly created Regulation A+ and Regulation Crowdfunding mechanisms...…
July 31, 2017
Professionals on the Move – August 1, 2017
A roundup of professionals in the tax and accounting profession that have changed jobs and/or been promoted.
June 27, 2017
Public Company CPAs Alliance Formed
The accounting firm Thayer O’Neal Company, LLC of Houston, Texas has banded together with three other firms to form the basis of the Public Company CPAs Alliance (PCA). PCA is a nationwide network of CPA firms devoted to serving small and medium sized...
June 27, 2017
June 2017 Accounting & Audit Channel
A SOC 2 attestation focuses on an organization’s controls in areas such as operations and compliance. It is performed in accordance with AT Section 101: Attest Engagements, and this report is generally best suited for financial services, health care ...
June 12, 2017
Revenue Recognition, Cybersecurity and PCAOB Inspection Reports Found to be Influencing Forces on Companies’ SOX Compliance Efforts
The annual Sarbanes-Oxley (SOX) Compliance Survey released by global consulting firm Protiviti today reveals a new set of challenges facing public companies amid their compliance efforts. PCAOB audit requirements, new revenue recognition standards and ...
May 22, 2017
May 2017 Accounting & Audit Channel
The next generation exam, which began testing on April 1, has added additional assessment of higher-order cognitive skills that test a candidate’s critical thinking, problem solving and analytical ability. The exam also makes greater use of task-based ...
May 16, 2017
Overview of SOC 2 Reports and Updated Trust Principle Criteria
A SOC 2 attestation focuses on an organization’s controls in areas such as operations and compliance. It is performed in accordance with AT Section 101: Attest Engagements, and this report is generally best suited for financial services, health care ...
April 21, 2017
Survey Shows Doubt on Value of Mandatory Auditor Rotation
Perhaps no issue in contemporary accounting has drawn more attention than that of mandatory auditor rotation – whether companies should be required, in the cause of sound financial reporting, to periodically change audit firms or audit-firm engagement ...
April 20, 2017
KPMG Dismisses Head of Audit Practice, 5 Others for Conduct
The firm learned in late February, from an internal source, that an individual who had joined KPMG from the PCAOB subsequently received confidential information from a then-employee of the PCAOB, and shared that information with other KPMG personnel.
February 21, 2017
Professionals on the Move – February 21, 2017
A roundup of professionals in the tax and accounting profession that have changed jobs and/or been promoted.
January 17, 2017
AICPA Issues New Revenue Recognition Guide
With companies and not-for-profit entities facing a top-to-bottom review of their revenue recognition because of a looming accounting standard, the American Institute of CPAs (AICPA) has issued the first online edition of an Audit & Accounting Guide ...