Auditing
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New Tax Scam Targets Clean Energy Tax Credit
Fewer Workers Planning to Change Jobs
Oklahoma Taxpayers Get Extended Deadline Due to Storms
California Gas Tax Increases
Managing Risk from Front Line Increases Revenue and Profit
Almost ten years after the 2008 financial crisis, risk management is evolving, shifting away from a purely protective mindset. In the old paradigm, risk was managed traditionally by the “second line” of defense in an organization.
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Survey Shows Doubt on Value of Mandatory Auditor Rotation
Perhaps no issue in contemporary accounting has drawn more attention than that of mandatory auditor rotation – whether companies should be required, in the cause of sound financial reporting, to periodically change audit firms or audit-firm engagement ...
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New Financial Close Analytics System Strengthens Management Oversight
The new module helps accounting organizations uncover bottlenecks in their month-end closes and identify trends to streamline and better manage the process. FloQast is a provider of close management software created by accountants for accountants.
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KPMG Dismisses Head of Audit Practice, 5 Others for Conduct
The firm learned in late February, from an internal source, that an individual who had joined KPMG from the PCAOB subsequently received confidential information from a then-employee of the PCAOB, and shared that information with other KPMG personnel.
AICPA Proposes New ERISA Auditing Standards
This proposed SAS addresses the auditor’s responsibilities to form an opinion and report on the financial statements of ERISA plan financial statements, and the form and content of such reporting, including reporting on specific plan provisions ...
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Accounting for Income Taxes: New System Focused on ASC 740 Compliance
Designed and built with middle market businesses in mind, Tax Prodigy Provision was created by tax professionals to give tax professionals the security and confidence they need to focus on critical tax items instead of being held back by over ...
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Deloitte Foundation Helps Develop Next-Gen Audit and Accounting Talent
For more than 50 years, the annual seminars, hosted by the Deloitte Foundation and the American Accounting Association, have provided cutting-edge resources and hundreds of case studies that keep university faculty and their students connected to the ...
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New Version of CPA Exam Released
The next generation Exam, which began testing on April 1, has added additional assessment of higher-order cognitive skills that test a candidate’s critical thinking, problem solving and analytical ability. The Exam also makes greater use of task-based ...