The Final Stretch: Practical Readiness for AS 1105 and AS 2301 Amendments
Auditors cannot rely on technology, technology-assisted analysis or digital data blindly.
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Data Analytics Revolution: Transforming Employee Benefit Plan Audits Through Technology
As we move deeper into the digital age, the manual processes that once defined our profession are giving way to data-driven methodologies that promise greater accuracy, efficiency and insight.
View MoreFinalizing Standards, Fresh Direction: The FASB's Evolving Agenda
The Financial Accounting Standards Board (FASB) is looking ahead to what is next as many of its current projects are near the Final Accounting Standards Update (ASU) milestone.
View MorePCAOB Postpones Effective Date of QC 1000 and Related Standards, Rules, and Forms
The Public Company Accounting Oversight Board (PCAOB) announced today that it is postponing for one year, to December 15, 2026, the effective date for QC 1000, A Firm’s System of Quality Control, and other new and amended PCAOB standards, rules, and forms adopted by the Board on May 13, 2024.
View MoreFASB Issues Standard that Improves Measurement of Credit Losses for Accounts Receivable and Contract Assets
The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves guidance on the measurement of credit losses for accounts receivable and contract assets.
View MoreAsk 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
View MoreThe 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.
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