Auditing

Bitcoin, which has been plastered all over the news lately, is the new green – as in currency. Since Bitcoin’s founding in 2009, the cryptocurrency has had many ups and downs. Currently, at the time of this writing, Bitcoin is sitting above $10,559 per to

The implementation dates for FASB’s ASC 842 standard are quickly approaching. Yet, most companies adopting the new standard haven’t even reached the halfway point in their implementation projects. However, there are a few early movers who have made ...

Public companies reported a median increase of 1.3 percent, compared with 1.6 percent in 2015. Private companies reported a median increase of 3.7 percent, compared with 2.9 percent for 2015 audits. Non-profit respondents reported a median increase ...

The Institute of Internal Auditors (IIA) has announced important updates to the Certified Internal Auditor (CIA) Examination. The CIA exam is a three-part exam designed to test candidates’ knowledge, skills, and abilities related to current global ...

Vertex Cloud’s SOC 2 report validates the security of hosted solutions and helps satisfy customer requirements. This includes obtaining assurance over third-parties who host their data and the effectiveness of the solution’s compliance or operations ...

Many small and mid-size businesses hire accountants and bookkeepers with the expectation they’ll help prevent an audit. Unfortunately, you can’t guarantee your clients won’t be audited for sales and use tax. No one can: States need sales and use tax ...

The AICPA noted in its letter that “Treasury and the IRS have not provided all of the necessary procedures and guidance for taxpayers to make informed decisions,” even though the effective date has now passed. The effective date was December 31, 2017 ...

Drawing on insights from the Center’s work and interactions with corporate directors and business leaders throughout the year, the BLC’s On the 2018 board agenda highlights six items for directors to keep front and center in the months ahead.