Auditing

Of most significance, SSARS No. 24 will create a new AR-C section 100 in AICPA Professional Standards to provide requirements and guidance for a CPA engaged to perform a compilation or review when:

On January 1, 2021 - IFRS 17 - one of the biggest changes to insurance accounting in more than 20 years, goes into effect. According to the International Accounting Standards Board, $13 trillion total assets of 450 listed insurers using International ...

The survey serves as an important tool to help identify key issues for consideration in developing its future strategy in the context of the IAASB’s broad strategic focus and the changing environment, and with the overriding objective of serving the ...

The accounting treatment for the dry-docking process has been debated for a long time may be because of the complications associated with the nature of the process. The debate mainly revolved around whether to capitalize the dry-docking costs or to ...

As economies, businesses, and people progress through innovation, so must accountants adapt to the evolving role of finance. The days of the one-dimensional CPA number cruncher are long gone. Accountants are increasingly expected to master areas ...

5 Blockchain Tips for Accounting Firms By Isaac M. O’Bannon, Managing Editor There has been a lot of talk about how blockchain technology will disrupt the role of accounting as we know it today. In truth, disruption has already been happening through automated accounting software and other applications that help accounting firms process data faster, […]

A scholarly paper in the June issue of Accounting Horizons, a journal of the American Accounting Association, notes that opposition to term limits for external auditors has been “the subject of active lobbying by the ... Big 4 accounting firms."

LeaseCrunch is essentially an ‘audit in a box’ for lease accounting, reducing the time it takes clients to prepare for an audit and reduces the time it takes CPA firms to perform the audit.