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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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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Audit Strategy through Audit Education
Enjoy complimentary access to recorded presentations from every session delivered during the Audit Talks Live – Fall 2020 virtual conference. On November 16-17, 2020, Wolters…
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State of Audit 2021: Hot Topics for Auditors
State of Audit As the audit profession approaches the new year, what is the current state of audit? Specifically, what areas should auditors concentrate on…
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Audit Strategy Leverages Digital Transformation
A firm’s audit strategy moving forward must include a digital transformation. Without a doubt, the move towards end-to-end, cloud audits has been underway for some…
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FASB Proposes Improvements for Acquired Revenue Contracts with Customers in a Business Combination
The FASB proposes improvements in a proposed Accounting Standards Update (ASU) intended to address inconsistency and diversity in practice related to the accounting for revenue…
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Cloud Trial Balance Software – 3 Efficiency Gains
Over the last decade, technology has helped the accounting profession gain efficiency in every aspect of personal tax preparation. Until now, fewer tools existed to…
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AICPA Issues SSAE 22 on Review Engagements
The AICPA’s Auditing Standards Board (ASB) has issued Statement on Standards for Attestation Engagements (SSAE) No. 22, Review Engagements. The new SSAE provides performance and…
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