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AICPA's Progress Toward Improving Employee Benefit Plan Audits

Audit|ERISA

By Todd Lucas

In 2014, the AICPA launched an initiative for improving the quality of audits by improving the overall audit process. The process for enhancing audit quality ... read more >

How to Determine an Accounting Standards Effective Date for Not-for-Profit Entities

Since the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2013-12, Definition of a Public Business Entity (ASU) 2013-12, ... read more >

Get Ready for Critical Audit Matters

On Monday, October 23, the SEC accepted the Public Company Oversight Board’s new standard for enhanced audit reports. Previously approved by the ... read more >

Potential Audit Relief for Charitable Organizations Soliciting in Pennsylvania

Charitable organizations soliciting contributions in the state of Pennsylvania could see changes coming to the thresholds for audit requirements. In September, ... read more >

Hedge Accounting Changes

Companies have indicated that the hedge accounting requirements in current guidance sometimes prevent companies from properly recognizing the economic ... read more >

New Revenue Recognition Rules Slowly Merging with the Transportation Industry

On May 28, 2014, the Financial Accounting Standards Board and the International Accounting Standards Board issued guidance merging U.S. Generally Accepted ... read more >

SAB 116: What You Need to Know

The Securities and Exchange Commission (SEC) recently released Staff Accounting Bulletin (SAB) 116, which became effective last week. The primary purpose ... read more >

Governance, Accountability and Transparency - More Than Just Buzzwords

Governance, accountability and transparency are much more than the current buzzwords of Board room discussions. Achieving and maintaining sound governance ... read more >

How prepared are companies for the new Revenue Recognition Standards? - Survey says...

Audit

By Justin Bucci

Recently, Compliance Week and Workiva conducted a survey in order to determine various companies’ readiness and preparation for the new FASB revenue ... read more >