Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
May 2, 2017
Investors and Center for Audit Quality Want to Preserve SOX Sec. 404(b)
In a joint letter to House Financial Services Committee leadership, the Center for Audit Quality (CAQ), Council of Institutional Investors (CII), and CFA Institute today expressed shared opposition to any legislation that would erode Section 404(b) of ...
May 2, 2017
New CEIV Accounting Credential Recognizes Fair Value Measurement
The exam for the Certified in Entity and Intangible Valuations (CEIV) credential for fair value measurement is now available. It offers the opportunity for finance professionals to receive this credential from the American Institute of CPAs (AICPA) ...
April 26, 2017
AICPA Creates Cybersecurity Risk Management Reporting Framework
The AICPA’s new framework will enable all organizations – in industries worldwide – to take a proactive and agile approach to cybersecurity risk management and to communicate on those activities with stakeholders. Two resources that support reporting ...
April 24, 2017
Marketing to Restaurant Clients – It’s All about the Experience
With over $783 billion in annual sales in 2016, the restaurant industry might seem like a no-brainer as an accounting firm’s industry vertical. However, without the ability to speak the language they need to hear, you might be missing out and be ...
April 24, 2017
Managing Risk from Front Line Increases Revenue and Profit
Almost ten years after the 2008 financial crisis, risk management is evolving, shifting away from a purely protective mindset. In the old paradigm, risk was managed traditionally by the “second line” of defense in an organization.
April 21, 2017
Survey Shows Doubt on Value of Mandatory Auditor Rotation
Perhaps no issue in contemporary accounting has drawn more attention than that of mandatory auditor rotation – whether companies should be required, in the cause of sound financial reporting, to periodically change audit firms or audit-firm engagement ...
April 21, 2017
New Financial Close Analytics System Strengthens Management Oversight
The new module helps accounting organizations uncover bottlenecks in their month-end closes and identify trends to streamline and better manage the process. FloQast is a provider of close management software created by accountants for accountants.
April 20, 2017
KPMG Dismisses Head of Audit Practice, 5 Others for Conduct
The firm learned in late February, from an internal source, that an individual who had joined KPMG from the PCAOB subsequently received confidential information from a then-employee of the PCAOB, and shared that information with other KPMG personnel.
April 20, 2017
AICPA Proposes New ERISA Auditing Standards
This proposed SAS addresses the auditor’s responsibilities to form an opinion and report on the financial statements of ERISA plan financial statements, and the form and content of such reporting, including reporting on specific plan provisions ...
April 19, 2017
Accounting for Income Taxes: New System Focused on ASC 740 Compliance
Designed and built with middle market businesses in mind, Tax Prodigy Provision was created by tax professionals to give tax professionals the security and confidence they need to focus on critical tax items instead of being held back by over ...
April 13, 2017
Deloitte Foundation Helps Develop Next-Gen Audit and Accounting Talent
For more than 50 years, the annual seminars, hosted by the Deloitte Foundation and the American Accounting Association, have provided cutting-edge resources and hundreds of case studies that keep university faculty and their students connected to the ...
April 12, 2017
New Version of CPA Exam Released
The next generation Exam, which began testing on April 1, has added additional assessment of higher-order cognitive skills that test a candidate’s critical thinking, problem solving and analytical ability. The Exam also makes greater use of task-based ...