Ask First: Understand Better
Building on the preceding article, we suggest in this article that periods of uncertainty should not be immediately overwhelmed with efforts to provide answers, but rather, they should be met with questions
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The Future of the Audit: A White Paper Executive Summary
Whether we acknowledge it or not, the audit profession is in the middle of a radical transformation. Facing a confluence of challenges – technological disruption, shifting regulatory landscapes and critical talent shortages – the profession must evolve rapidly or risk obsolescence.
View MoreGASB Provides Guidance to Assist Stakeholders With Application of Its Pronouncements
The Governmental Accounting Standards Board (GASB) today issued implementation guidance in the form of questions and answers intended to clarify, explain, or elaborate on certain GASB pronouncements.
View MoreNavigating tariffs — Key resources for accounting and finance professionals
Stay up to date on the latest developments centered around tariffs and their impact on the accounting and finance environment.
View MoreSeeing Through the Chaos: An Accountant’s Lens
Recent economic developments, including shifts in inflation trends, interest rate fluctuations, global supply chain considerations, and evolving geopolitical conditions, are prompting many organizations to evaluate how recent events will impact their financial reporting processes and respective results.
View MoreFASB Improves Guidance on Share-Based Consideration Payable to a Customer
The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) to provide accounting guidance for share-based consideration payable to a customer in conjunction with selling goods or services.
View MoreFASB Issues Standard That Clarifies Guidance for Identifying the Accounting Acquirer in a Business Combination
The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves the requirements for identifying the accounting acquirer in FASB Accounting Standards Codification® Topic 805, Business Combinations.
View MoreSEC Accepts 2025 FASB Taxonomies
The Financial Accounting Standards Board (FASB) today announced that the U.S. Securities and Exchange Commission (SEC) has accepted the 2025 GAAP Financial Reporting Taxonomy (GRT), the 2025 SEC Reporting Taxonomy (SRT), and the 2025 GAAP Employee Benefit Plan Taxonomy (EBPT).
View MorePreparing for the Quality Management Standards: Key Points and Resources for Implementation
In 2022, the Tennessee CPA Journal reported on the newly released quality management standards (QMS).
View MoreData Visualization: Enhancing Audits Through Increased Engagement
While the use of data visualizations may not be new, it can be a revolutionary tool for internal auditors.
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