Balancing Audit Efficiency & Effectiveness
Audit efficiency and effectiveness is important. Indeed, today’s auditors are looking for innovative ways to drive results, strengthen relationships and create opportunities. In part, this…
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Challenges Facing Auditors in 2020
Challenges facing auditors in 2020 As we turn the calendar to the new year, it’s a good time to reflect on challenges facing auditors and…
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Audit Technology That’s a One-Stop Shop
After 100+ anniversaries, Eide Bailly continues to adopt new audit technology to tackle ever-changing audit challenges. One leader of that effort is Ann Glenz, CPA,…
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AICPA Issues New TQAs on Deferred Tax and State and Local Governments
The AICPA has issued new Technical Questions and Answers (TQAs) under new Section 3300, Deferred Taxes, and Section 6950, State and Local Governments. TQA Section…
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Accounting Standard Issued on Income Taxes
FASB issues accounting standard on income taxes. This Accounting Standard Update, (ASU) No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, is…
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AICPA Amends the Description of the Concept of Materiality
The AICPA’s Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 138, Amendments to the Description of the Concept of Materiality, and Statement…
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AICPA Issues SSAE 19 on Agreed-Upon Procedures Engagements
The AICPA’s Auditing Standards Board (ASB) has issued Statement on Standards for Attestation Engagements (SSAE) No. 19, Agreed-Upon Procedures Engagements, to supersede AT-C section 215…
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Learn from colleagues
Many learning techniques are available these days. One example is learning from colleagues. That option is a great way to understand successes – and trials…
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The FASB Delays Certain Effective Dates for Credit Losses, Leases, Hedging, and Long-Duration Insurance Standards
The FASB issued two Accounting Standards Updates (ASUs) that finalize various effective date delays for standards on current expected credit losses (CECL), leases, hedging, and…
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FASB Issues ASU No. 2019-08 to Improve Accounting for Share-Based Payments Made to Customers
The FASB issues ASU No. 2019-08, Compensation—Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Codification Improvements—Share-Based Consideration Payable to a Customer,…
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