EAQ Initiative and Peer Review Update
Recently, Wolters Kluwer’s Cathy Rowe interviewed Carl Mayes about the latest findings around the AICPA Enhancing Audit Quality (EAQ) Initiative. Carl serves as Associate Director…
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A Transformative Audit Methodology
Last year, accounting firms had to navigate over and around unprecedented obstacles. But many of those challenges also present opportunities and transform audit processes and…
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Roll Forward with Knowledge Coach
You may have read in the news recently about a patent for the application of AI specific to the roll forward/update processes during an audit…
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Testing Internal Controls – Audit Tools that Help
Earlier this month, the PCAOB released annual inspection reports for the Big Four accounting firms and eight other firms. The reports revealed deficiencies in 52…
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Data-Driven Audits – 7 Ways to Use AI
To be sure, accounting and audit technology has started to include more artificial intelligence capabilities over the past several years. Many firms already use AI…
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No Touch Business Tax Preparation
CCH Axcess™ Financial Prep helps firms take an important step toward establishing a no-touch business tax preparation process. The first cloud-based trial balance solution integrated…
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FASB Simplifies How Private Company Franchisors Evaluate Certain Performance Obligations
The FASB has issued Accounting Standards Update (ASU) No. 2021-02, Franchisors—Revenue from Contracts with Customers (Subtopic 952-606): Practical Expedient, that provides a practical expedient that…
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Work-Life Balance in Small Firms
Eric Hersman knows the pressures of taking care of clients while growing your firm all too well. As the owner of Hersman & Associates CPAs,…
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Wolters Kluwer Announces New Enhancements to its CCH Axcess™ Client Collaboration Expert Solution
Tailored organizers / missing open items list capabilities added Today, Wolters Kluwer Tax & Accounting announced that it has released over 250 innovative new features…
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5 Auditor Best Practices for Busy Season
Auditor best practices With 2020 in the rear-view mirror, auditors now find themselves in the thick of another busy season. For this reason, Accounting Today…
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