Can you rely on your audit tool?
Is your software & content reliable? Quality is foundational in everything we need to do as a CPA to be the trusted advisor for clients. …
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FASB Proposes Debt Guidance
The FASB proposes debt guidance for public comment. This proposal is intended to improve guidance used to determine whether debt should be classified as a current or noncurrent liability…
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The ‘no touch’ tax return
The idea of a ‘no touch’ tax return is here, and the reality of it is right around the corner. Furthermore, while you ponder that…
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Is Your Audit Practice Evolving or Regressing?
The practice of audit presses forward Auditing can be traced all the way back to ancient China, Greece and Egypt. But it wasn’t until the…
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AICPA Proposes Amendments to Incorporate Recent Auditor Reporting Changes
The AICPA has issued the Exposure Draft, Proposed Statement on Auditing Standards: Amendments to AU-C Sections 800, 805, and 810 to Incorporate Auditor Reporting Changes…
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AICPA Proposes New SAS on Auditing Accounting Estimates
The AICPA’s Auditing Standards Board (ASB) has issued the Exposure Draft, Proposed Statement on Auditing Standards: Auditing Accounting Estimates and Related Disclosures. The comment deadline…
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3 Ways to Increase Audit Efficiency While Adding Value
Technology is transforming the practice of audit at an unprecedented pace. In fact, it’s not hard to envision audits in the future as entirely untouched…
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FASB Proposes ASU on Long-Duration Contracts
Proposal The FASB proposed an ASU on long-duration contracts today. The FASB issues proposed Accounting Standards Update (ASU) that would grant all insurance companies that issue…
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Why Audit Quality Matters
Why does audit quality matter? Well, first and foremost, the audit landscape has changed due to changing peer review requirements. To explain, the AICPA’s Enhancing…
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GASB Releases Implementation Guide on Accounting for Leases
The Governmental Accounting Standards Board (GASB) has issued Implementation Guide No. 2019-3, Leases. Implementation Guide No. 2019-3 contains questions and answers about GASB Statement No. 87, Leases,…
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