June 30, 2014
ADP SmartCompliance Tax Credits System Undergoes First SOC 2, Type 1 Audit
The operations supporting ADP's SmartCompliance Tax Credits module have successfully completed its first Service Organization Controls (SOC) 2 Type 1 audit.
June 25, 2014
Finance Teams Expand Duties in Response to Business Complexity
The role of finance teams is expanding beyond the traditional areas of accounting and financial reporting, according to a new survey by the AICPA and the Chartered Institute of Management Accountants.
June 18, 2014
Report: IRS Meeting Requirements of Spending Cuts
The part of the U.S. Treasury Department that is tasked with overseeing the Internal Revenue Service has issue the findings of a recent audit of the taxing agency when it comes to its compliance with the budget cuts imposed on the agency's budget as a result of sequestration.
June 3, 2014
Kansas CPA Society to Host Governmental Accounting Conference
The Kansas Society of Certified Public Accountants plans to hold a statewide conference in Wichita next week that will focus on governments and nonprofits.
June 3, 2014
Former Baker Tilly Branch in Milwaukee Renames Firm
The former investment advisory unit of the accounting firm Baker Tilly Virchow Krause has been renamed Bronfman E.L. Rothschild, the company said Monday.
May 5, 2014
New Audit Quality Indicators to be Pilot Tested by Accounting Firms
The Center for Audit Quality (CAQ) today released the CAQ Approach to Audit Quality Indicators, which represents a two-year effort with its member firms to develop perspectives regarding which indicators may be most relevant and how and to whom they should be communicated. The paper sets forth in detail the CAQ approach to communicate a…
April 17, 2014
New Solution Designed to Solve SAP Data Access Challenges
The new version of ACL Direct Link for SAP ERP and SAP CRM, an SAP-certified data extraction add-on for ACL Analytics (AN) and ACL Analytics Exchange (AX) helps professionals who are struggling to gain access to transactional SAP data necessary to test controls and ensure regulatory compliance under Sarbanes-Oxley and other financial requirements.
April 2, 2014
Cloud Audit & Compliance System Achieves Milestones
Since cloud-based audit, compliance, and risk management provider ACL first introduced its ACL GRC system in May 2013, the company has achieved several major milestones, including the expansion of its global footprint, rapid increase of new customer engagements, and recognition by industry leaders.
March 12, 2014
Study Says Many CEOs are Too Friendly with Audit Committees, Urges SEC Action
A decade after scandals at Enron, Worldcom, and other companies dramatized the need for improved corporate financial monitoring, this critical regulatory challenge remains in essential ways unmet, new research suggests.
February 4, 2014
Virginia Environmental Agency Faces Critical Audit Over Grant Funds
Signs of poor financial oversight at a Virginia state agency responsible for environmental stewardship emerged late last summer when federal government monitors spotted record-keeping gaps during a review of six grants awarded to Virginia totaling nearly $740,000.
February 4, 2014
Tips to Make a Business Audit Less Traumatic
The letter lands in your business mailbox. The return address shows it's from the Internal Revenue Service. Before it's even opened, nervousness sets in.
January 16, 2014
Homeowners Being Duped by “Securitization Audits,” According to Fraud Examiners
A new foreclosure rescue scam promises to help distressed homeowners keep their homes through the use of a "securitization audit." "The only problem, according to investigative firm Mortgage Fraud Examiners: These "hucksters" are charging fees for information that's free to anyone for the asking, and knowing who owns the note won't save anyone's home."