Accounting Today

JUNE 16, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements for auditors of broker-dealers. All rights reserved.

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Accounting Today

JUNE 9, 2025

This not only saves valuable hours for auditors but also ensures a more thorough and accurate risk assessment, improving overall audit quality. Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S. All rights reserved.

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Accounting Today

JUNE 16, 2025

EDT 4 Min Read Facebook Twitter LinkedIn Email For decades, accounting firms have operated on a rhythm as reliable as a metronome: a rush of activity from January through April, followed by a lull that stretches through the summer and beyond. All rights reserved.

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Accounting Today

JULY 16, 2025

Practice management Private equity Business development MORE FROM ACCOUNTING TODAY Audit IIA updates competency framework for internal auditors The Institute of Internal Auditors presented its updated competency framework for internal auditors during its international conference this week in Toronto. All rights reserved.

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Accounting Today

JULY 16, 2025

Practice management M&A Outsourcing MORE FROM ACCOUNTING TODAY Audit IIA updates competency framework for internal auditors The Institute of Internal Auditors presented its updated competency framework for internal auditors during its international conference this week in Toronto. All rights reserved.

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Going Concern

OCTOBER 21, 2024

Financial reporting data has become extremely structured and repeatable across all enterprises because it’s guided by the standards set out through generally accepted accounting principles (GAAP), which are governed by the Financial Accounting Standards Board (FASB). Everybody measures the same things, in the same way.

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Accounting Today

JUNE 9, 2025

Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S. By Paige Hagy June 9 Technology XcelLabs launches to help accountants use AI Jody Padar and Katie Tolin debuted a training and technology platform, in partnership with the Pennsylvania Institute of CPAs and CPA Crossings.

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ThomsonReuters

OCTOBER 18, 2024

Different countries and regions have their own set of laws, regulations, and accounting standards that govern the reporting process. Auditor reports, which provide independent validation of the accuracy and reliability of the reported financial information, are often included in statutory reports.

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Withum

DECEMBER 16, 2024

On November 27, 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting Improvements to Reportable Segment Disclosures. Effective for fiscal years beginning after December 15, 2023, it applies to public entities, including broker-dealers.

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Accounting Seed

MAY 28, 2025

Instead, DCAA audits check if your organization meets: Federal Acquisition Regulation (FAR) Cost Accounting Standards (CAS) And other government rules. You must verify your financial management meets DCAA standards regarding financial data security and accountability.

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Accounting Today

JUNE 6, 2025

All rights reserved. ILLINOIS Rick Surett was named the new chief financial officer at Grant Thornton, Chicago, succeeding Muhammad Bhayat, who is retiring after more than 20 years at the firm.

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Accounting Insight

JANUARY 7, 2025

Cloud-based LeaseJava enables audit firms, corporations and non-profit/government entities to manage their leases and ensure compliance with accounting standards such as ASC 842, IFRS 16 and GASB 87. Export functionality is configurable, allowing the user to select and group leases accurately.

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CPA Practice

OCTOBER 18, 2024

Sorry about the name pronunciations friends, but these two really had a dog on good idea because they were really trying to use AI to work on accounting memos. So Brian, I know that from your perspective, you often introduce yourself as recovering auditor. So you just take the contracts and you drop again, Excel doc or CSV into it.

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Accounting Today

JUNE 6, 2025

All rights reserved. Wolters Kluwer releases AI audit documentation solution Wolters Kluwer HQ Wolters Klower announced TeamMate+ AI Editor, a generative AI writing engine designed to enhance the quality of audit documentation with data protection and safeguards.

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Analytix Finance & Accounting

JUNE 24, 2025

Outsourced controller services typically include: Supervising accounting processes and procedures Implementing internal controls to prevent fraud Managing month-end and year-end closing processes Overseeing financial statement preparation Ensuring compliance with accounting standards Coordinating with external auditors Developing and maintaining accounting (..)

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Accounting Today

JUNE 9, 2025

Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S. By Paige Hagy June 9 Technology XcelLabs launches to help accountants use AI Jody Padar and Katie Tolin debuted a training and technology platform, in partnership with the Pennsylvania Institute of CPAs and CPA Crossings.

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Accounting Today

JUNE 9, 2025

Gary Boomer June 9 Audit Two-thirds of clients ready to change auditors Seventy percent of U.S. By Paige Hagy June 9 Technology XcelLabs launches to help accountants use AI Jody Padar and Katie Tolin debuted a training and technology platform, in partnership with the Pennsylvania Institute of CPAs and CPA Crossings.

Account 52

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Accounting Today

JUNE 5, 2025

By Michael Cohn 11h ago Audit Auditors' pessimism about economy surges Audit partners pessimism about the U.S. All rights reserved. By Jeff Stimpson 9h ago Practice management DMJPS expands in Charlotte North Carolina Regional Leader DMJPS is adding Potter & Co. PA, based in the Charlotte metropolitan region, effective July 1.

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Accounting Today

JUNE 5, 2025

By Michael Cohn 11h ago Audit Auditors' pessimism about economy surges Audit partners pessimism about the U.S. All rights reserved. By Jeff Stimpson 9h ago Practice management DMJPS expands in Charlotte North Carolina Regional Leader DMJPS is adding Potter & Co. PA, based in the Charlotte metropolitan region, effective July 1.

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CPA Practice

NOVEMBER 25, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) has announced the appointment of Robert W. Scott to a five-year term on the Governmental Accounting Standards Board (GASB). Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche.

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Going Concern

OCTOBER 25, 2024

“We received news that our external auditor that is assigned to our annual audit is resigning and the firm does not have sufficient staffing to take over our 2022-2023 audit,” Gates-Shult said. accounting standard setter’s meeting last week. accounting standard setter’s meeting last week. ” NYC handed out $6.5

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Accounting Today

JULY 7, 2025

To avoid these worst-case scenarios, its essential to build AI agents on domain-specific large language models grounded firmly in accounting standards, regulations and best practices, making it especially important to choose vendors with extensive, broad accounting expertise. All rights reserved.

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Accounting Today

JULY 16, 2025

All rights reserved. By Michael Cohn 5h ago Tax Treasury will need to come up with guidance on Big Beautiful Bill The Treasury Department and the IRS will need to roll out guidance to explain the bills newer provisions and how they differ from earlier tax legislation.

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Accounting Today

JULY 11, 2025

The breakdown in reconciliation When a manager declines an expense report, the associated card transaction remains unresolved in the accounting system. Accounting cant finalize the books and auditors are left without a clear trail. All rights reserved. This creates a black hole in reconciliation.

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Accounting Today

JULY 1, 2025

In addition to the new audit format, OMB is launching a four-part agenda to improve the effectiveness of federal audits: Auditing the auditors : OMB will review the roles and value of auditors — including public accountants, inspectors general and agency CFOs — to ensure audits align with risk and mission outcomes.

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Accounting Today

JULY 8, 2025

Tax Tax fraud IRS Phishing Cyber security MORE FROM ACCOUNTING TODAY Tax IRS allows churches to endorse political candidates The Internal Revenue Service has given churches and other houses of worship the green light to endorse political candidates. All rights reserved.

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Accounting Today

JULY 10, 2025

By Michael Cohn 6h ago Audit IESBA, IAASB form expert groups on sustainability standards The International Ethics Standards Board for Accountants and the International Auditing and Assurance Standards Board set up technical groups for their standards. All rights reserved.

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Accounting Today

JULY 15, 2025

By Michael Cohn 11h ago Technology Deloitte gives its auditors more agentic AI capacities Deloitte said its auditors will now have enhanced agentic AI capacities within Omnia, the firms global cloud-based audit and assurance platform. All rights reserved.

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Accounting Today

JUNE 24, 2025

The IRS has lost almost a third of its auditors to DOGE cuts, and now the DOJs special tax crimes unit is axed. By Andrew Martinez June 24 Accounting GASB gives guidance on pronouncements The Governmental Accounting Standards Board issued questions and answers to help explain certain pronouncements to stakeholders.

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Accounting Today

JULY 8, 2025

Tax Finance, investment and tax-related legislation Trump administration MORE FROM ACCOUNTING TODAY Tax IRS allows churches to endorse political candidates The Internal Revenue Service has given churches and other houses of worship the green light to endorse political candidates. All rights reserved.

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Accounting Today

JULY 3, 2025

By Michael Cohn July 3 Technology Tech news: Wolters Kluwer adds document summaries, tool directory to CCH AnswerConnect Plus, FileAI announces V2 platform launch; Foxit launches PDF and Document Workflow APIs; and other accounting tech updates. All rights reserved.

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CPA Practice

NOVEMBER 14, 2024

The Financial Accounting Standards Board (FASB) is calling on academics, accountants, auditors, lenders, financial statement preparers, and other stakeholders to provide their views on financial key performance indicators (KPIs). The FASB on Nov.

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Accounting Today

JULY 15, 2025

By Michael Cohn 11h ago Technology Deloitte gives its auditors more agentic AI capacities Deloitte said its auditors will now have enhanced agentic AI capacities within Omnia, the firms global cloud-based audit and assurance platform. All rights reserved.

audit 59

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Accounting Today

JULY 8, 2025

Practice management M&A Private equity MORE FROM ACCOUNTING TODAY Tax IRS allows churches to endorse political candidates The Internal Revenue Service has given churches and other houses of worship the green light to endorse political candidates. All rights reserved.

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Accounting Today

JULY 8, 2025

Tax tools IRS Tax preparation Real estate investments Bookkeeping Small business MORE FROM ACCOUNTING TODAY Tax IRS allows churches to endorse political candidates The Internal Revenue Service has given churches and other houses of worship the green light to endorse political candidates. All rights reserved.

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Accounting Today

JULY 10, 2025

By Michael Cohn 6h ago Audit IESBA, IAASB form expert groups on sustainability standards The International Ethics Standards Board for Accountants and the International Auditing and Assurance Standards Board set up technical groups for their standards. All rights reserved.

audit 59

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Accounting Today

JULY 8, 2025

Greg Stohr and Zoe Tillman Bloomberg News Tax SCOTUS Layoffs IRS MORE FROM ACCOUNTING TODAY Tax IRS allows churches to endorse political candidates The Internal Revenue Service has given churches and other houses of worship the green light to endorse political candidates. All rights reserved.

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