October 27, 2015
Supported by an intuitive foundation of Knowledge-Based Audit (KBA) Methodology, the integrated audit approach focuses on auditor judgment to drive the overall audit process — not older, pre-defined checklist methods. KBA methodology improves risk-based a
October 8, 2015
Fees paid by public and private companies to outside financial auditing firms increased from 3 to 3.4 percent over the last year, according to a report from the Financial Executives Research Foundation.
October 4, 2015
International Accounting Bulletin’s “Audit Innovation of the Year” award recognizes organizations that make a major impact on audit quality and client service. Entries were judged based on demonstrated improvements in quality; efficiency, accuracy, and...
September 22, 2015
In an effort to eliminate dual taxation with respect to Social Security taxes, the United States entered into international agreements, called Totalization Agreements, with 24 foreign countries.
September 2, 2015
Updates to Thomson Reuters Checkpoint provide customers with a single audit tool for the first time that complies fully with the Office of Management and Budget’s (OMB) recently released 2015 Compliance Supplement. Specifically, this edition of PPC's ...
August 9, 2015
The program focuses on forensic accounting engagement, auditing for fraud prevention, detection, and response, litigation support, and dispute resolution.
August 4, 2015
A new research project by the Wisconsin School of Business aimed at providing auditors, regulators, and policy-makers with a model for understanding and interpreting audit studies is one of three projects to receive funding from the Center for Audit Quali
July 28, 2015
The world as we know it is rapidly changing. For example, 3D printing devices are revolutionizing design and manufacturing; automated drones are transforming the way goods are delivered; big data analytics are enabling people to slice and dice through ...
July 27, 2015
The 2015 edition of the AICPA Audit Guide, Government Auditing Standards and Single Audits, is an indispensable resource for auditors performing single audits of federal expenditures, as well as audits performed in accordance with Government Auditing ...
July 22, 2015
If you have ever had a client facing identity theft, you know that the first thing they want to find out is what specific information was compromised. But, until recently, the IRS has had a policy in place that prevented identity theft victims from ...
July 22, 2015
Thomson Reuters has released a special report on school district auditing to address the unique characteristics of planning and performing audits for public school districts and provides tips to help professionals perform effective and efficient school...
July 22, 2015
The Internal Revenue Service (IRS) is currently planning activities to address a recurring financial material weakness in its internal control over unpaid tax assessments. However, planning for the Customer Account Data Engine 2 (CADE 2) Transition State 2 (TS2) has not included specific actions and activities necessary to guide new system development efforts and to...…