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AICPA News – March 2021
AICPA News is a round-up of recent announcements from the American Institute of CPAs.
Safety First: How to Handle Supplier Banking Data
Knowing the increased risk with ACH payments is critical when you receive requests to change bank account information. According to our internal data, these requests are common, with suppliers changing bank accounts roughly every four years.
How AI is Enhancing Fraud Detection
The modern digital finance network is one of the most dynamic, fast-moving technological entities on the face of the planet.
Diligent to Become Largest Global GRC SaaS Company through Galvanize Acquisition
With the acquisition of Galvanize, Diligent will become the largest SaaS GRC provider. The combined solution with enrichment from Steele will enable an integrated GRC picture – from Audit, Risk, Information Security, Ethics and Compliance across the ...
Why Proactive Planning is More Important Than Ever
The COVID-19 pandemic is causing many finance and accounting executives, including your clients, to rethink their budgets, implement cost-saving measures, and reinforce their budgeting and forecasting, with a focus on proactive planning. Proactive planning is the process of budgeting and re-forecasting based on real-time operational data and market dynamics. It involves visualizing the path the […]
BKD Releases 2021 State of the Nonprofit Sector Report
The survey comprised 18 questions or scenarios, including general questions about organization location, size, area of focus and questions about the COVID-19 crisis. BKD received responses from 319 organizations between September 23 and October 23, 2020.
Venture Capital Firms Focus on Greater Diversity and Equity
Amid heightened efforts to promote increasingly diverse, equitable and inclusive workforces over the past year, venture capital (VC) firms are taking note of their social and corporate responsibility in achieving greater gender, racial and ethnic ...
AICPA Proposes New Auditing Standard for Communication Between Past and New Financial Statement Auditors
The standard requires immediate past auditors and presumed successor auditors, once management consents to the past auditor responding, to communicate about potential NOCLAR situations. Examples of NOCLAR situations include, but are not limited to...