Newsletters

Audits Newsletter

  • How auditors assess internal controls June 12, 2017 Why do auditors ask so many questions about their clients’ internal controls? Assessing internal controls is part of today’s auditing requirements. It helps identify risk factors — but the requirements ...
  • Down-round options: A divided FASB approves updated guidance June 12, 2017 In a 4 to 3 vote, the Financial Accounting Standards Board (FASB) agreed to finalize an update to U.S. Generally Accepted Accounting Principles (GAAP) that’s intended to simplify the accounting ...
  • The future of auditing: Technology brings opportunities and challenges June 12, 2017 If it seems like your auditor is always trying out new software, technology devices and analytical testing procedures, you’re not imagining it. Audit firms are continually investing in new technology ...
  • FASB issues new standard on callable debt May 15, 2017 In March, the Financial Accounting Standards Board (FASB) published an update to U.S. Generally Accepted Accounting Principles (GAAP) that will shorten the amortization period for premiums paid for callable debt ...
  • How diverse is your company’s board of directors? May 15, 2017 Diversity is a buzzword in strategic management today. In February, the Advisory Committee on Small and Emerging Companies recommended that the Securities and Exchange Commission (SEC) expand the disclosure rules ...
  • New revenue recognition standard: As the effective date looms, concerns and issues mount May 15, 2017 Are you ready for the new revenue recognition standard to go live? For companies in many industries, implementing this standard is likely to be more time-consuming, complex and costly than ...
  • Follow-up on equity crowdfunding: A slow and uneven start April 10, 2017 In May 2016, the Securities and Exchange Commission (SEC) began allowing private companies to raise as much as $1 million per year from everyday investors. How? The SEC approved the ...
  • Public companies to provide hyperlinks in exhibits April 10, 2017 The Securities and Exchange Commission (SEC) has approved a final rule requiring public companies to include hyperlinks to the exhibits in regulatory filings. Here are the details, including how the ...
  • What’s on (and off) the FASB’s radar? April 10, 2017 The Financial Accounting Standards Board (FASB) isn’t planning to issue any major accounting standards updates in 2017, because it wants companies to focus on implementing the new leasing and revenue ...
  • Assessing going concern issues in an audit March 27, 2017 The Auditing Standards Board (ASB) has unanimously voted to issue a final going concern standard. This standard will align the AICPA’s auditing guidance with accounting guidance issued by the Financial ...