Financial Reporting

The proposal would clarify guidance on share-based payments that an entity grants as consideration payable to a customer.

Under the plan, CPAs wouldn't have to apply AR-C Section 70 when financial statements are prepared as a byproduct of a CAS engagement.

Intuit launched Intuit Enterprise Suite on Sept. 17 to provide right-sized solutions for growing, complex businesses that need advanced reporting, financial planning and analysis (FP&A), and business management tools, all with a single login.

More than half of C-suite and other executives (51.6%) expect an increase in the number and size of deepfake attacks targeting their organizations’ financial and accounting data.

The cloud-based solution is designed for auditors to leverage AI to enhance accuracy and reduce human error in audits.

Hosts Randy Johnston and Brian Tankersley, CPA, review Supervizor, a continuous quality assurance system that helps accounting firm's error-proof their client's bookkeeping and curb fraud.

The report analyzes data integration challenges, the rise of artificial intelligence (AI), essential shifts in cloud computing, and the ongoing impact of staffing and skills challenges across the finance and accounting sectors.

Among heads of operations within the U.S. financial services sector, roughly 50% are unable to access real-time data, and two-thirds have legacy data environments that aren’t suited to AI.