CPA Never under estimate the value
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
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
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
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
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
