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While in some sectors automation could lead to a reduction in the number of jobs, for CPAs, its impact is beneficial. If you’re a practicing CPA, rest easy; technology isn’t coming here to take your job, it’s here to make your job better. Continue Reading
Powerful new cloud-based tools offer a new approach to audit engagements, and clients are clamoring for it. Here are 6 lessons from audit experts who adopted AI early. Continue Reading
Banks and other financial institutions are on the clock as the focus in credit loss accounting shifts from incurred losses to a forward-looking, predictive approach. Continue Reading
Private companies and not-for-profits will not see further relief from the effective date of FASB's new lease accounting standard after the board voted unanimously Wednesday to reject a request for a two-year extension that was submitted by the Pennsylvania Institute of CPAs (PICPA). Continue Reading
In this example walk-through, learn how to use Microsoft’s spreadsheet application to perform several tasks, including sampling. Continue Reading
The global pandemic brought unprecedented challenges to public company auditors as well as the clients and the public they serve. Learn important insights on what will drive audit quality in the future. Continue Reading
New standards, changes in procedures, and regulatory challenges provide auditors with plenty to think about as the fourth quarter of an unusual year begins. Continue Reading
New PCAOB guidance addresses the reliability of external sources used as audit evidence, as well as the relationship between quality and quantity of evidence. Continue Reading
Ensure your company's compliance with regulations by assessing risks presented by third party relationships. Continue Reading
A FASB proposal is intended to clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the security and therefore is not considered in measuring fair value. Continue Reading