CPA Never under estimate the value
Technology has been transforming audits for years, and that trend will only accelerate with the Statement on Auditing Standards (SAS) No. 142, Audit Evidence, which took effect on Dec. 15, 2022.
Source: JOA News
Read More here – 5 ways firms can use technology to transform audits
Here are ways to control that judgmental voice in your head that makes you question your abilities and achievements.
Source: JOA News
Read More here – Quiet your inner critic
FASB has released its annual GAAP Taxonomy, which includes the 2023 GAAP Financial Reporting Taxonomy and the 2023 SEC Reporting Taxonomy.
Source: JOA News
Read More here – FASB releases GAAP Taxonomy reports
The board made several tentative decisions related to the project, which will affect public and private entities, including investment companies and not-for-profits.
Source: JOA News
Read More here – FASB set to draft cryptoasset disclosure standard
While the adopted rule adds more checks and balances related to insider trading, the proposed rules aim to remedy SEC Chair Gary Gensler’s concerns that capital markets “are not as fair and competitive as possible for individual investors.”
Source: JOA News
Read More here – SEC adopts insider trading rule, proposes 4 rules to protect stock traders
Understand the opportunities to maximize efficiency in your audits of less-complex entities. SAS No. 145 will tell you that risk assessment is not a one-size-fits-all proposition and provides opportunities to scale work throughout the process.
Source: JOA News
Read More here – One size does not fit all clients: SAS No. 145 on scalability
The PCAOB confirms that China is honoring an agreement signed in August that allows the board free rein to inspect public companies that trade on the U.S. capital markets.
Source: JOA News
Read More here – PCAOB gains ‘complete access’ to audit firms in China
The amended standard provides transition guidance for improving the accounting for long-term duration contracts.
Source: JOA News
Read More here – FASB issues updated insurance standard
It’s worth pausing to reflect on the AICPA’s successes in advocating for the profession with Congress and the IRS this year.
Source: Tax News
Read More here – The AICPA’s tax policy and advocacy work: 2022 highlights
It’s worth pausing to reflect on the AICPA’s successes in advocating for the profession with Congress and the IRS this year.
Source: JOA News
Read More here – The AICPA’s tax policy and advocacy work: 2022 highlights
