Auditing
Latest News
IRS to Host Virtual Focus Groups on the Business Tax Account Online Tool
GASB Proposes Guidance on Subsequent Events
FASB Issues Post-Implementation Review Report for Its Revenue Recognition Standard
Newsom: California Will Offer EV Rebates if Trump Cuts Federal Tax Credit
CPA.com and CaseWare Partner for Engagement Managment
The cloud-based solution, called OnPoint, eliminates repetitive tasks and integrates information from AICPA technical guides, giving practitioners a powerful, all-in-one tool for serving clients.
AICPA Chair Sees New Opportunities for Accounting Profession
Ellison-Taylor sees three critical areas for the profession: responding to the changing cybersecurity landscape; preparing for the future of the profession; and continuing to grow and nurture the talent pipeline.
IFRS 9: The New Hedging Opportunity?
One of the key advantages of hedge accounting is that it helps to smooth earnings over time. For firms dealing with FX and interest rate swaps, or who are heavily exposed to physical and financial commodity markets, hedge accounting reduces the ...
Organizations Look to De-Risk by Exiting Relationships with High Risk Third Party Vendors
Insurance companies, including healthcare payers, appear much more likely to make de-risking moves, with cost concerns and a lack of internal expertise to evaluate vendor controls cited as other primary reasons. The study, now in its fourth year ...
Study Shows Investors Punish Companies for Late Financial Statements
The researchers also investigate investors’ response to four explanations companies give on Form NT for late 10-Q or 10-K filings – accounting reasons (the ones most frequently offered); corporate events, such as mergers or CEO incapacity; multiple ...
AICPA Auditing Standards Board Aims to Enhance Relevance and Usefulness of Auditor’s Reports
The AICPA Auditing Standards Board (ASB) has released three exposure drafts for comment that seek to enhance the relevance and usefulness of the auditor’s report.
Host Analytics Adds New Modeling and Dashboard Capabilities
The solution aligns financial plans with operational plans in areas of sales, marketing, and supply chain, for accurate, big-picture financial planning and analysis across the organization to drive peak performance. New modeling capabilities ...
November 2017 Accounting Channel
73% of CFOs Trust the Cloud for Financial Data By Isaac M. O’Bannon, Managing Editor Just three years ago, according to CFO respondents in the Adaptive Insights CFO Indicator report, only 33% trusted the cloud for financial data. Today, 73% of CFOs trust the cloud for financial data, reflecting a significant technology shift for Finance, […]