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AICPA News: Dec 20, 2019
AICPA News is a roundup of recent announcements from the American Institute of CPAs.
Accounting Profession “Thriving in Age of Innovation”
Artificial intelligence and other transformative technologies have ushered the accounting profession into an age of innovation, and the momentum of change continues to build, the chief executive of CPA.com said in a morning keynote at the Digital CPA Conference. “While technology is enabling these changes, CPA firms must align their business strategies and skills and […]
AICPA and CPA.com Expand OnPoint A&A Suite
Three standalone solutions will be added to the OnPoint A&A Suite – OnPoint Collaborate, OnPoint AnaltyicsAI, and OnPoint EBP – to aid growth-minded firms in improving efficiency, building trust and delivering insights to ...
NASBA and AICPA Propose Draft of New CPA Licensure Model
The new CPA licensure model is designed to evolve newly licensed CPAs’ knowledge and skills, protect the public interest and position the CPA profession for the future. NASBA and AICPA believe this draft model will address the greatly expanding ...
In Firm: 2020 IT Predictions and 2019 Results
With technology evolving at an increasingly breakneck pace and impacting literally every aspect of today’s accounting practice, it has never been more difficult to separate the tech hype from the reality of workable solutions.
AICPA Issues New Definition of the Concept of Materiality
The purpose is to align the materiality concepts discussed in AICPA Professional Standards with the description of materiality used by the U.S. judicial system, the auditing standards of the Public Company Accounting Oversight Board...
Auditing Standards Board’s New Procedures Standard Gives CPAs More Flexibility
The American Institute of CPAs’ (AICPA) Auditing Standards Board (ASB) has released Statement on Standards for Attestation Engagements No. 19, Agreed-Upon Procedures Engagements, to supersede SSAE No. 18 AT-C section 215 of the same title in AICPA ,,,
AICPA Auditing Standards Board 2020 Plan Focuses on Technology and Public Interest
The plan addresses the current global economic environment, and the way entities conduct their business and activities, while also considering the views of all stakeholders including preparers, users and auditors.