Is Your Business Ready for Blockchain?
Firms Are Preparing for New Technologies. If you’re like many firms, you’ve leveraged technology to automate and gain greater efficiency for what used to be…
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FASB Issues Staff Q&A on Accounting for The Effects of The Tax Cuts and Jobs Act
The Financial Accounting Standards Board (FASB) staff has issued a Staff Q&A document on whether private companies and not-for-profit organizations can apply U.S. Securities and…
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SEC Appoints New Chairman and Board Members to PCAOB
The SEC announced on Tuesday the appointment of William D. Duhnke III as Chairman of the PCAOB. According to the SEC, Duhnke is currently the…
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SEC Chairman Urges Investors to Beware on Cryptocurrencies
SEC Chairman Jay Clayton issued a Statement on Cryptocurrencies and Initial Coin Offerings, urging investors to beware when investing in cryptocurrencies and initial coin offerings…
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FASB to Issue Final and Proposed Transition Guidance on Leases
The FASB has decided to reduce costs and ease the implementation burden of the Leases standard for preparers by issuing a final Accounting Standard Update…
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AICPA Proposes New Auditing Standards
The AICPA’s Auditing Standards Board (ASB) has issued exposure drafts (EDs) of new Proposed Statements on Auditing Standards (SASs) and proposed amendments to other SASs.…
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Audit Tips: Millennials and Your Audit Practice
Millennials want their work to have a purpose that connects them to something larger. That fact is important to remember when evaluating your firm’s strategy.…
read moreAICPA Issues New SOP Guidance on Agreed-Upon Procedures
The AICPA has issued Statement of Position (SOP) 17-1, Performing Agreed-Upon Procedures Related to Rated Exchange Act Asset-Backed Securities Third-Party Due Diligence Services as Defined by…
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SEC Approves Changes to the Auditor’s Report
Auditor’s Report Changes The SEC unanimously approved a PCAOB auditing standard that requires significant enhancements to certain public company auditor’s reports, including the communication of…
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Innovative Ways to Improve Audit Quality
Uncovering innovative ways to improve audit quality without sacrificing efficiency is critical for CPA firms these days. Put simply, the challenges of balancing audit quality…
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