Auditing

While outdated New Year superstitions and beliefs have morphed into more modern views, the fact remains that many organizations continue to complete their close process in a way that is, in a word, outdated.

The Auditor’s Report: Considerations for Audit Committees explains changes to the auditor’s report and lists key questions on topics including auditor tenure, Critical Audit Matters (CAMs) and other new requirements. The new auditor’s reporting model ...

The cloud-based solution, called OnPoint, eliminates repetitive tasks and integrates information from AICPA technical guides, giving practitioners a powerful, all-in-one tool for serving clients.

Ellison-Taylor sees three critical areas for the profession: responding to the changing cybersecurity landscape; preparing for the future of the profession; and continuing to grow and nurture the talent pipeline.

One of the key advantages of hedge accounting is that it helps to smooth earnings over time. For firms dealing with FX and interest rate swaps, or who are heavily exposed to physical and financial commodity markets, hedge accounting reduces the ...

Insurance companies, including healthcare payers, appear much more likely to make de-risking moves, with cost concerns and a lack of internal expertise to evaluate vendor controls cited as other primary reasons. The study, now in its fourth year ...

The researchers also investigate investors’ response to four explanations companies give on Form NT for late 10-Q or 10-K filings – accounting reasons (the ones most frequently offered); corporate events, such as mergers or CEO incapacity; multiple ...

The AICPA Auditing Standards Board (ASB) has released three exposure drafts for comment that seek to enhance the relevance and usefulness of the auditor’s report.