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Most firm owners focus on the revenue lever they have pulled their whole career, but they may never have touched the other lever.
May 15
L&H CPAs and Advisors -
The American Institute of CPAs approved a standards update to modernize how CPAs get audit evidence via external confirmation procedures.
May 14
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The Financial Accounting Standards Board decided to add several projects to its technical agenda.
May 14
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The median fraud loss per case in the ACFE study was $104,000, but the average loss per case was $1,457,000, while 20% had losses of more than $1 million.
May 12
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Big Four firm KPMG signed 17 new SEC audit engagements, followed closely by Deloitte, CBIZ and Carr Riggs & Ingram.
May 12
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Internal auditors are facing a heightened risk of fraud at organizations as schemes change and internal controls weaken over time, according to a new report.
May 11
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The idea of semi-annual reporting is a guaranteed self-inflicted disaster, like using a knife while gripping the blade instead of the handle, writes Paul Miller.
May 11
University of Colorado and Colorado Springs -
Top 10 Firm Grant Thornton announced the launch of gtap, a proprietary audit infrastructure intended to redefine how the firm performs audits.
May 11
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When a CPA signs off on a work product that an AI system helped produce, what is the independent verification standard that certifies the system producing that work is actually reliable? There isn't one.
May 11
The Human Choice Company LLC -
The Governmental Accounting Standards Board added several items to its research agenda, but decided against adding a project on cybersecurity disclosures.
May 8
