Author Archives: admin

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CAS practices see 20% growth rate

Category:Uncategorized

Client advisory services practices saw a 20% growth rate in terms of net client fees per professional, according to the latest CPA.com & AICPA PCPS Client Advisory Services Benchmark Survey.
Source: JOA News
Read More here – CAS practices see 20% growth rate


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New standard sharpens focus on risk-based auditing

Category:Uncategorized

The AICPA Auditing Standards Board issued a new standard designed to help auditors determine the areas that pose the greatest risks of material misstatement in an audit engagement and spend more of their time performing procedures in those areas.
Source: JOA News
Read More here – New standard sharpens focus on risk-based auditing


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PCAOB issues staff guidance on audit evidence from other sources

Category:Uncategorized

Advances in technology have resulted in the availability of volumes of new information to companies and their auditors. PCAOB staff guidance discusses the implications of this new information for the audit.
Source: JOA News
Read More here – PCAOB issues staff guidance on audit evidence from other sources


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Private equity’s push into accounting

Category:Uncategorized

TowerBrook Capital Partners’ purchase of an ownership stake in EisnerAmper marked the first private-equity deal with a top 20 accounting firm. In a Q&A with the JofA, accounting firm consultant and M&A broker Allan D. Koltin discusses the mechanics of such a deal and the likelihood that there will be more PE forays into large accounting firms in the future.
Source: JOA News
Read More here – Private equity’s push into accounting


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Revisions proposed to AICPA ethics code address certain SEC rule changes

Category:Uncategorized

The AICPA Professional Ethics Executive Committee issued a proposal Tuesday that addresses provisions in the recently amended SEC independence rules.
Source: JOA News
Read More here – Revisions proposed to AICPA ethics code address certain SEC rule changes


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CPAs continue to lead with trust, competence, and integrity

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This is the first in an occasional series featuring Sue Coffey, CEO–Public Accounting for AICPA & CIMA, discussing trends affecting the profession.
Source: JOA News
Read More here – CPAs continue to lead with trust, competence, and integrity


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PCAOB moves to strengthen lead auditor’s oversight of other auditors

Category:Uncategorized

The PCAOB issued a second supplementary request for comment on a proposal designed to enhance the lead auditor’s role in overseeing other auditors outside the firm that issues the auditor’s report.
Source: JOA News
Read More here – PCAOB moves to strengthen lead auditor’s oversight of other auditors


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Final regulations establish a user fee for estate tax closing letters

Category:Uncategorized

The letters, which the IRS provides as a courtesy to executors and other authorized estate representatives, will now cost $67.
Source: Tax News
Read More here – Final regulations establish a user fee for estate tax closing letters


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Final regulations establish a user fee for estate tax closing letters

Category:Uncategorized

The letters, which the IRS provides as a courtesy to executors and other authorized estate representatives, will now cost $67.
Source: JOA News
Read More here – Final regulations establish a user fee for estate tax closing letters


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Quiz: Practice choosing the right word from these pairs

Category:Uncategorized

This quiz will help you distinguish the better choice in 10 word pairs.
Source: JOA News
Read More here – Quiz: Practice choosing the right word from these pairs