Auditing
Latest News
Zone & Co Launches ZoneBilling AI Assistant
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
KPMG and Two Leading Universities Expand Master of Accounting Program to Include Tax
The schools, which join the University of Mississippi’s Patterson School of Accountancy in including tax as part of the curriculum, are among nine universities throughout the country involved with the KPMG program. Applications are being accepted ...
AICPA’s Auditing Standards Board Issues Suite of Standards on Auditor Reporting
This suite of auditor reporting standards includes a new AU-C section 701, Communicating Key Audit Matters in the Independent Auditor’s Report, and replaces the following AU-C sections in AICPA Professional ...
Deloitte Announces Winning Team at Annual Audit Innovation Campus Challenge
Deloitte and the Deloitte Foundation hosted the 2019 National Audit Innovation Campus Challenge (AICC) for the fourth year at Deloitte University, awarding students of the University of South Carolina first place for their idea to ...
CAQ Tool Helps Audit Committees Oversee Implementation of New Credit Losses Standard
The Center for Audit Quality (CAQ) has released a new tool designed to help audit committees exercise their oversight responsibilities as companies implement a new credit losses accounting standard that begins to take effect in January 2020.
Going with the Flow: Ensuring Cash, Clients and Profitability
Accounting leaders know there are few things as important as maintaining cash flow at their firms. Retaining customers is also critical and building upon relationships is a key to success.
CAQ and AAA Auditing Section Announce 2019 Awards for Access to Audit Personnel Program
The Center for Audit Quality (CAQ) and the Auditing Section of the American Accounting Association (AAA) have made four new awards under the Access to Audit Personnel Program. Now in its seventh year, the program connects academics with audit ...
From Excessive Gratuities to Egregious Typos, Receipt Verification Finds Them All
Auditing expense reports requires auditors to closely examine each expense to verify if the correct receipts are attached, and make sure the receipt matches the information input by the employee. This may sound daunting, but this process is essential for catching potential mistakes – or worse, fraud within travel and entertainment (T&E) spend. Catch discrepancies […]
The Audit Risk Model: Your First Step in Risk Assessment
The audit risk model is the foundation of any audit. This might seem like CPA 101, but are you correctly applying it to your engagements?