Working from Home: Lessons about Talent
As vaccination programs pick up speed around the world, we all hope that we’re seeing the beginning of the end of the COVID-19 pandemic and…
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The IASB Extends Support for Covid-19-Related Rent Concessions
The IASB extends by one year, the application period of the practical expedient in IFRS 16 Leases to help lessees accounting for covid-19-related rent concessions.…
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FASB Issues Alternative to Goodwill Triggering Event Assessment
The FASB issues alternative to goodwill triggering event assessment in an Accounting Standards Update (ASU) that provides an accounting alternative expected to reduce the complexity for private…
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Easy Audit Data Analytics for Auditors
Data Analytics: No Longer a Nice-to-Have, Now a Necessity Firms perform more than one million audits each year. Over the last few years, data analytics…
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Audit Education – 5 Ways to Benefit
Successful accounting firms understand the value of continuing professional audit education, not only for training younger professionals but also for helping auditors at all levels…
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AICPA’s PEEC Releases Interpretations on Records Requests and Staff Augmentation Arrangements
The AICPA’s Professional Ethics Executive Committee (PEEC) has issued the amended “Records Requests” interpretation (ET sec. 1.400.200) under the “Acts Discreditable Rule” (ET Sec. 1.400.001)…
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EAQ Initiative and Peer Review Update
Recently, Wolters Kluwer’s Cathy Rowe interviewed Carl Mayes about the latest findings around the AICPA Enhancing Audit Quality (EAQ) Initiative. Carl serves as Associate Director…
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A Transformative Audit Methodology
Last year, accounting firms had to navigate over and around unprecedented obstacles. But many of those challenges also present opportunities and transform audit processes and…
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5 Tips to Help Prepare Small Business Clients for Success in the 2021 Tax Season
Guiding your clients during this years’ filing season can prepare them for a successful tax season and even future proof their business. Filing taxes are…
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Roll Forward with Knowledge Coach
You may have read in the news recently about a patent for the application of AI specific to the roll forward/update processes during an audit…
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