Data-Driven Audits – 7 Ways to Use AI
To be sure, accounting and audit technology has started to include more artificial intelligence capabilities over the past several years. Many firms already use AI…
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No Touch Business Tax Preparation
CCH Axcess™ Financial Prep helps firms take an important step toward establishing a no-touch business tax preparation process. The first cloud-based trial balance solution integrated…
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FASB Simplifies How Private Company Franchisors Evaluate Certain Performance Obligations
The FASB has issued Accounting Standards Update (ASU) No. 2021-02, Franchisors—Revenue from Contracts with Customers (Subtopic 952-606): Practical Expedient, that provides a practical expedient that…
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Work-Life Balance in Small Firms
Eric Hersman knows the pressures of taking care of clients while growing your firm all too well. As the owner of Hersman & Associates CPAs,…
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Wolters Kluwer Announces New Enhancements to its CCH Axcess™ Client Collaboration Expert Solution
Tailored organizers / missing open items list capabilities added Today, Wolters Kluwer Tax & Accounting announced that it has released over 250 innovative new features…
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5 Auditor Best Practices for Busy Season
Auditor best practices With 2020 in the rear-view mirror, auditors now find themselves in the thick of another busy season. For this reason, Accounting Today…
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Diagnostics – a Check Audit Warning Light
Diagnostics – an Ounce of Prevention One night while driving home the ‘low tire pressure’ warning light appeared on my dashboard. When I accessed my…
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Wolters Kluwer Releases New Knowledge-based Titles for its Award-winning Cloud-based CCH Axcess™ Knowledge Coach
Expanded library helps ensure high-quality audits, preparations, compilations, or reviews Today, Wolters Kluwer Tax & Accounting announced the addition of new knowledge-based titles to its…
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Passing Peer Review Tips
Peer review can be a stressful experience for some firms. However, it is also an important way that the profession identifies problems and provides firms…
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FASB Clarifies the Scope of Reference Rate Reform Guidance
The FASB clarifies the scope of recent reference rate reform guidance through a new ASU issuance today. In March 2020, the FASB issued guidance aimed…
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