Quality Audits Begin with Quality Fieldwork
Impactful Audit Tips to Keep on Your Radar As fieldwork goes, so goes the audit. Incorporate these tried-and-true tips into your fieldwork plan for more…
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Get Ready for Examinations of Cybersecurity Risk Management Programs
When it comes to risk management, the risk of cyber-attacks on customer information is a challenge affecting businesses of all sizes today, and more and…
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AICPA Issues Description Criteria Standards for SOC 2 Reports
The AICPA has released new description criteria standards for SOC 2 reports. The AICPA Assurance Services Executive Committee’s SOC 2® Working Group has developed a set…
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Time Crunch: Use eLearning for Staff Training during Busy Season
Time is certainly at a premium as we head into the dog days of tax season. And chances are you’ll need to navigate some obstacles…
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FASB Issues Corrections and Improvements to Financial Instruments
The FASB issued Accounting Standards Update (ASU) No. 2018-03, Technical Corrections and Improvements to Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and…
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How to avoid the most common peer review deficiencies
Do you know what the most common peer review deficiencies are … and how to avoid them? Recently the AICPA published the General Audit Risk Alert…
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SEC Issues Interpretive Guidance on Public Company Cybersecurity Disclosures
The SEC unanimously approved a statement and interpretive guidance to assist public companies in preparing disclosures about cybersecurity risks and incidents. SEC Chairman Jay Clayton…
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Why It May Be Time to Evaluate Your Engagement Workflow
Insights from Rob Cameron, CPA and Peer Reviewer Thought leader and peer reviewer Rob Cameron, CPA, Managing Partner of Cameron, Smith & Company, presented a…
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New FASB Standard Addresses Certain Stranded Income Tax Effects from Tax Cuts and Jobs Act
New ASU Issued The FASB issued an Accounting Standards Update (ASU) that helps organizations address certain stranded income tax effects in accumulated other comprehensive income…
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Are you ready to audit smarter?
Why audit smarter? Because, it is time to challenge the status quo! Some people say that audit work is becoming a commodity. However, others say…
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