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…
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…
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…
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…
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.…
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.…
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…
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…
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…