SEC Proposes Broker-Dealer Standards
The SEC voted to propose a package of rulemakings and interpretations designed to “enhance the quality and transparency of investors’ relationships with investment advisers and…
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SEC Staff Guidance on Non-GAAP Measures Updated
The staff in the SEC’s Division of Corporation Finance has updated its Compliance and Disclosure Interpretation (C&DI), Non-GAAP Financial Measures. This C&DI provides staff interpretations…
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Three Ways to Enhance Audit Quality with Audit Data Analytics
Why Apply Audit Data Analytics? Audit data analytics is a hot topic. In fact, there has been a loud call to action recently. That call…
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Switching Technology in a Peer Review Year
Peer review. Why do firms shy away from implementing a new audit management solution in a peer review year? Is it because the firm thinks…
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Get Ready for Examinations of Cybersecurity Risk Management Programs
When it comes to risk management, the risk of cyber-attacks on customer information is a challenge affecting businesses of all sizes today, and more and…
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AICPA Issues Description Criteria Standards for SOC 2 Reports
The AICPA has released new description criteria standards for SOC 2 reports. The AICPA Assurance Services Executive Committee’s SOC 2® Working Group has developed a set…
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FASB Issues Corrections and Improvements to Financial Instruments
The FASB issued Accounting Standards Update (ASU) No. 2018-03, Technical Corrections and Improvements to Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and…
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How to avoid the most common peer review deficiencies
Do you know what the most common peer review deficiencies are … and how to avoid them? Recently the AICPA published the General Audit Risk Alert…
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SEC Issues Interpretive Guidance on Public Company Cybersecurity Disclosures
The SEC unanimously approved a statement and interpretive guidance to assist public companies in preparing disclosures about cybersecurity risks and incidents. SEC Chairman Jay Clayton…
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New FASB Standard Addresses Certain Stranded Income Tax Effects from Tax Cuts and Jobs Act
New ASU Issued The FASB issued an Accounting Standards Update (ASU) that helps organizations address certain stranded income tax effects in accumulated other comprehensive income…
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