Grant Accounting Improvements Proposed
The Financial Accounting Standards Board (FASB) has proposed improvements designed to clarify and improve the accounting for grants and contributions (received and made), primarily by…
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Revenue Recognition Implementation Guidance Proposed
The AICPA’s Financial Reporting Executive Committee (FinREC) has published three new working drafts. The drafts contain proposed guidance for implementing the requirements of FASB ASU…
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SEC Says Blockchain-Based Offerings Are Securities
The SEC issued a new report (Report of Investigation) cautioning market participants that offers and sales of digital assets by “virtual” organizations are subject to…
read moreAICPA Issues New TQAs on Other Reporting Issues
The American Institute of Certified Public Accountants (AICPA) has released new Technical Questions and Answers guidance under Section 9160, Other Reporting Issues, as follows: Section…
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Are Quality Audits Possible?
Quality Audits are possible. When you have good audit workflow habits combined with future-ready technology that will enhance those good habits the end-result will be…
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EU Group Publishes Recommendations on Financing a Sustainable Economy
The High-Level Expert Group on Sustainable Finance, established by the European Commission in January 2017, published its interim report, Financing a Sustainable European Economy. The…
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A Closer Look: Blockchain Primer
“Blockchain” is in the news – and it’s coming to our industry. The promises and potential benefits are significant. So are the challenges. Accounting and audit…
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Every Auditor Loves a Good Client
Every auditor loves having a good client. What does that good client look like? A good client: Is on time and ready for the auditor…
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The Power of the Integrated Audit Approach
Ever since the auditing standards were updated to the current risk assessment framework, performing a quality audit has become increasingly challenging. Our time to complete…
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Data Analytics – gaining quality and efficiencies in the audit process
Data analytics is a process with which many auditors struggle. With the AICPA placing increased focus on this area, while firms strive to gain higher quality and…
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