Overcome Risk Assessment Violations
Have you seen the AICPA’s infographic on the four most common risk assessment violations? The organization starts by saying this. “Identifying, assessing and responding to…
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Two Vital Ingredients to Maximize Audit Productivity
Awareness of Technology is the Beginning We’ve all experienced it before. Perhaps it was a tutorial from a tech guru at the local home electronics…
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FASB Issues Targeted Improvements to Leases Standard
The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) No. 2018-11, Leases (Topic 842): Targeted Improvements. ASU No. 2018-11 provides a new…
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Time to Challenge Your Audit Staff
Are you giving your audit staff reason to grow professionally? If not, you should. Here is why you should challenge your audit staff. Judging Experience…
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FASB Issues Codification Improvements to Topic 842, Leases
FASB Issues Improvements to New Leases Standard The FASB has issued Accounting Standards Update (ASU) No. 2018-10, Codification Improvements to Topic 842, Leases. ASU No.…
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GAO Publishes 2018 Revision to the Yellow Book
GAO Yellow Book Revised for 2018 The U.S. Government Accountability Office (GAO) has issued the 2018 revision of Generally Accepted Government Auditing Standards (GAGAS), also…
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FASB Publishes Codification Improvements
FASB Releases ASU No. 2018-09, Codification Improvements The FASB has released Accounting Standards Update (ASU) No. 2018-09, Codification Improvements. ASU 2018-09 affects a wide variety of…
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AICPA Proposes Revisions to Attestation Standards
AICPA Attestation Standards The Auditing Standards Board (ASB) of the AICPA has issued the exposure draft, Proposed Statement on Standards for Attestation Engagements, Revisions to…
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Preps, Comps and Reviews – New Titles Update and Tips to Improve Realization
It does not matter what combination of services your firm provides. When it comes to preps, comps and reviews, as well as audits, the Integrated…
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SEC Expands Smaller Reporting Company Definition; Approves Other Matters
At an open meeting held today, the SEC expanded the definition of a “smaller reporting company.” The SEC also voted on several other issues that are discussed…
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