Auditing

The Student Case Competition gives students an opportunity to analyze a relevant case study and develop a solution. Teams submit videos to present their case analysis and from there the finalists present to an audience at the IMA’s Annual Conference ...

When asked about their company financial statements, 59 percent of the CPAs surveyed reported having complex financial instruments such as mortgage-backed securities, interest rate swaps or other derivatives on their company balance sheets.

The CAQ’s Governing Board is comprised of chief executive officers from leading public company auditing firms and the American Institute of CPAs, as well as three independent board members from outside the public company auditing profession.

Among companies that reported an increase in their SOX compliance hours, 59 percent reported the number of hours went up by more than 10 percent over the prior year.

A notable development in corporate governance over the past two decades is that chief financial officers have considerably expanded their role in management, in many instances assuming the additional position of chief operating officer.

Thomson Reuters has acquired Confirmation, a leading provider of secure audit confirmation services. Confirmation has a 19-year history of providing digital confirmation services to more than 16,000 audit firms, 4,000 banks and departments and 5,000 ...

A roundup of recent news from the AICPA.

The American Institute of CPA’s (AICPA) Accounting and Review Services Committee (ARSC) has issued an exposure draft of a Proposed Statement on Standards for Accounting and Review Services (SSARS) Materiality in a Review of Financial Statements, Adverse Conclusions, and Special Purpose Frameworks to amend AR-C sections 60, 70, 80, and 90 in AICPA Professional Standards. […]