Auditing
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Payroll Software Buyer’s Guide
Recap of the Accounting Thought Leader Think Tank – The Accounting Technology Lab Podcast – July 2024
How to Help Clients Navigate Nexus: A Guide for CPAs and Accountants
3 Reasons It May Look Like You Love the IRS More Than Your Family
Awards Spotlight Innovations in Tax & Accounting Technologies
The winners of the 12th annual Tax & Accounting Technology Innovation Awards, all cloud-based solutions, are examples of this new reality of on-demand information and business agility.
AICPA Makes Recommendations to IRS on Accounting Method Changes
The AICPA recommended that to the extent taxpayers may make accounting method changes for mischaracterized R&E expenditures with a section 481(a) adjustment they should receive audit protection for prior years.
10 Lean Six Sigma Audit Considerations
The application of Lean Six Sigma principals has helped countless organizations objectively re-evaluate and streamline their production processes. Lean Six Sigma is a consulting methodology gaining favor in the accounting profession for its focus not ...
How to Handle Short Time-Frame Tax Audits
As if getting audited wasn’t bad enough, now the IRS has added a new twist: the short timeframe audit. With these types of audits, it is possible that an audit case could be closed by the IRS before your client has a chance to show you the letter. This ar
Quality of Employee Benefit Plan Audits Must Be Improved, Says Report
Accounting and advisory firm Baker Tilly Virchow Krause, LLP (Baker Tilly) has rearticulated the necessity of improving audit quality after a May 28th United States Department of Labor (DOL) report on its inspection of 2011 employee benefit plan audits.
Center for Audit Quality Launches Online Video Series Highlighting Critical Issues
The Center for Audit Quality (www.TheCAQ.org) has launched an online video series that aims to highlight critical issues facing the public company auditing profession and the markets.
QuickBooks, NetSuite, Intacct, Xero and FreshBooks Earn High Marks in Accounting Software Rankings
Four platforms earn Leader status while Intacct tops overall satisfaction rankings in crowdsourced report
NASBA and AICPA Propose Revisions to CPE Standards
The National Association of State Boards of Accountancy (NASBA) and the American Institute of CPAs (AICPA) today issue proposed revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards) for public comment. Pu