Auditing

The AICPA’s Financial Reporting Executive Committee (FinREC) has issued an early working draft of Inventory Valuation guidance, which is part of a broader forthcoming release of its Business Combinations Accounting and Valuation Guide.

The AICPA requires CPAs in an audit (attest engagement) to provide reasonable assurance in the audit opinion that completed financial statements are free of material misstatements which might be due to error or fraud.

For accountants, the two key important words in the above description are “ledger” and “technology”. Accountants have deeply understood ledgers for centuries. They have been leveraging technologies for decades. Therefore, Blockchain, is not a ...

Eighty-four percent of new software today is delivered as SaaS. This percentage is expected to increase as existing providers transition to a subscription-based model. Yet, many software providers are ill prepared for the unique challenges and ...

This year marks Baron’s 21st consecutive and final Users’ Conference keynote, as he will be leaving the business at the end of the year. Baron joined Thomson Reuters in 1992 and has been managing director of the Professional segment of the Tax & ...

Emerging innovations such as data analytics, cloud-based technology, and web-based audit solutions are transforming financial audits. Thomson Reuters Enterprise Cloud Audit Suite, including its products such as Checkpoint Engage and AdvanceFlow,, ...

Varied, unique workflows to handle cross-border transactions create detours adding operational costs related to transaction fees, time, and manual labor. They may have one payment flow to pay using wire transfers.

We need more women leaders in technology companies. Having personally experienced gender bias during my career, it’s hard for me to say this because the last thing I want to do is advocate for bias of any kind. The goal should always be to hire the ...