The past year brought significant changes in how accounting firms and their clients approach digital and business transformation (see "
With that in mind, here are my top 10 predictions for 2021:
The board is mulling changes in its auditor independence standards for audits of collective investment schemes involving connected parties and pension funds.
The Internal Revenue Service has placed 50 senior IT leaders on administrative leave, as the union filed suit over a Trump order on collective bargaining.
The Public Company Accounting Oversight Board's inspection staff found noticeable improvements in the deficiency rates of the six largest global auditing firms.
The Governmental Accounting Standards Board made some preliminary proposals on accounting for severe financial stress and probable dissolution disclosures.
The institute's Accounting and Review Services Committee clarified a standard on financial statement prep that has major ramifications for CAS practices.
Spreadsheet provider Sourcetable launched a spreadsheet that lets users tell it what they want through natural language commands.
