Audit & Assurance

Feb 7, 2025, 00:00 AM by Jessica Barboza

FASB has published a proposed Accounting Standards Update (ASU) focused on targeted improvements to the FASB Accounting Standards Codification. Stakeholders are encouraged to review and provide input on the proposed ASU by April 22, 2025.

Feb 7, 2025, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial A&A news items from around the web.

Jan 31, 2025, 00:00 AM by Jessica Barboza

FASB has decided against adding a new project to its priority “technical” agenda that would have considered requiring banks to disclose more information about credit risk transfer transactions. In a unanimous decision made during a live-streamed regular board meeting, members voted not to move ahead with pursuing an update to the codification which underpins generally accepted accounting principles related to accounting for CRTs.

Jan 31, 2025, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial A&A news items from around the web.

Jan 24, 2025, 00:00 AM by Jessica Barboza

FASB has published an Invitation to Comment (ITC) that gives stakeholders the opportunity to provide feedback on its future standard-setting agenda. Stakeholders are asked to review and provide comment on the ITC by June 30, 2025.

Jan 24, 2025, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial A&A news items from around the web.

Jan 17, 2025, 00:00 AM by Jessica Barboza

In case you missed them, here are some recent interesting financial A&A news items from around the web.

May 30, 2024, 02:00 AM by Natalie Rooney

Crypto assets–There are many unknowns about where the future of this emerging and complex subject is heading, but one thing is certain: crypto transactions impact an entity’s finances. Those impacts must make their way to the financial statements. And those statements must be audited for accuracy and assurance.

Aug 23, 2023, 12:00 PM by SEO National

The four-step process to auditing cashless transactions is a guide for auditors to use as they navigate their client’s many pathways of cashless transactions.

Aug 18, 2022, 11:05 AM by Sonya Guthrie

In June, the AICPA issued new quality management standards that will become effective Dec. 15, 2025.

Jul 31, 2020, 13:01 PM by Jessica Salerno Shumaker

Here's how the OSCPA Accounting and Auditing Committee answered a question from a member on a GAAP exception for new revenue recognition and lease standards.

Jul 31, 2020, 13:01 PM by User Not Found

A new group of audit reporting standards proposed in November by the AICPA Accounting Standards Board aims to increase the transparency of the auditor’s considerations in issuing an opinion.

Jul 31, 2020, 13:00 PM by User Not Found

In April the CPA exam will undergo a change meant to prepare new CPAs for a world focused more on application, analysis and interpretation.

Jul 31, 2020, 12:59 PM by User Not Found

Rob MacKinlay, CPA, CGMA, has, as he calls it, a “weird brain.”

Apr 2, 2020, 11:00 AM by Jessica Salerno Shumaker

Companies across the world are increasingly interested in sustainability reporting.

Aug 21, 2019, 00:00 AM by User Not Found

Audit reporting standards are changing, and an expert says CPAs must understand what the changes are, train staff and communicate with clients.

May 23, 2019, 20:03 PM by User Not Found

The term for the Columbus City Schools chief audit executive begins July 1.

Feb 6, 2019, 20:52 PM by User Not Found

Reporting of Critical Audit Matters begins for large accelerated filers for fiscal years ending on or after June 30, 2019.

Jan 23, 2019, 16:51 PM by User Not Found

As cyber security headaches make their way into everyday business tasks, financial professionals need to consider how these issues will change the way they work in the future.

Oct 15, 2018, 15:27 PM by User Not Found

A representative of the AICPA testified Oct. 9 on proposed rules related to implementation of the centralized partnership audit regime.