Auditing
Latest News
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
FASB Seeks Feedback on Clarification to Interim Effective Date for Disaggregation of Income Statement Expenses Standard
Wolters Kluwer Adds New Features to TeamMate Analytics Solution
Wolters Kluwer Tax & Accounting has announced the addition of new capabilities to its innovative TeamMate Analytics solution used by external auditors at tax and accounting firms, as well as by internal audit departments in businesses and ...
Common Themes Emerge in Data from First Year of CAMs Implementation
The CAQ has released a new report with data and analysis on the first year that critical audit matters (CAMs) were included in auditor reports. Consistent with the requirements of the Public Company Accounting Oversight Board (PCAOB), the ...
Largest Global Association for Accounting and Finance Professionals Sets ESG Roadmap for Education, Resources, Guidance in 2021
Ahead of IIRC and SASB conferences next week, the Association of International Certified Professional Accountants (the Association) shared its 2021 plans to deliver education and resources that assist accountants with reporting on and assurance of ...
Beanworks Announces New Feature to Automate Employee Expenses Processing for Remote Teams
The new feature allows employees to submit expense receipts online via the Beanworks app or website. Once uploaded, managers can review receipts and approve reimbursements from any location. The process is fast, accurate, and a much-needed solution as ...
Takeaways from the AICPA and CIMA’s Women’s Global Leadership Summit
Women were gaining momentum and representation in senior leadership positions before the COVID-19 pandemic. A 2020 McKinsey study found that from 2015 to 2020, the number of women in senior vice president positions had climbed 18% and 22% for ...
Detecting Fraud: What Are Weak Signals and How to Process Them
Certain companies, specifically organizations with the wrong tone at the top, improper incentives, confusing cash flow trends, and siloed departments, are more susceptible to fraud than others. Pick up on weak signals and take steps to ...
Bill.com Launches Solution for Wealth Management Firms Offering Bill Pay Services
The solution enables firms to shift from a cumbersome and time-intensive approach to an automated and secure bill payment process.
Business Spending Report Shows Fraud, Waste and Misuse Increasing
From big-screen TVs to soundbars, employees often bend the rules on equipment purchases, payment and procurement methods as they work from home. Expenses submitted as office supplies and meals/restaurants accounted for more than 25% of spend violations.