5 Common Audit Deficiencies Identified During Peer Review
by Bill Hatzos on April 19, 2018 at 1:00 pm
From time to time, we come across some older content in the archives that is still relevant today. Back in 2011, Stephanie Lanke and Robin Penney took a look at the top 5 most common audit deficiencies, as outlined in Accounting Today. Lanke, formerly our Customer Experience Manger was responsible for the CCH ProSystem fx […] The post 5 Common Audit Deficiencies Identified During Peer Review appeared first on Tax & Accounting Blog. […]
Stop Over-Auditing with a Knowledge-Based Audit Approach
by Wolters Kluwer Tax and Accounting on April 9, 2018 at 1:00 pm
A YKSM, Ltd. Case Study YKSM, Ltd. leverages the power of a knowledge-based audit approach within Wolters Kluwer’s Integrated Audit Approach. It streamlines their processes, improves effectiveness and efficiencies, and delivers higher quality audits. This firm’s vitals include: Founded in 1952 Headquartered in Providence, RI 30 full time staff members Affiliate of BDO Alliance USA Conducts […] The post Stop Over-Auditing with a Knowledge-Based Audit Approach appeared first on Tax & Accounting Blog. […]
SEC Staff Guidance on Non-GAAP Measures Updated
by CCH ARM Editorial on April 5, 2018 at 5:35 pm
The staff in the SEC’s Division of Corporation Finance has updated its Compliance and Disclosure Interpretation (C&DI), Non-GAAP Financial Measures. This C&DI provides staff interpretations of the rules and regulations on the use of non-GAAP financial measures. The staff has added Questions 101.02 and 101.03 to provide guidance on business combination transactions, including information on […] The post SEC Staff Guidance on Non-GAAP Measures Updated appeared first on Tax & Accounting Blog. […]
Three Ways to Enhance Audit Quality with Audit Data Analytics
by Cathy Rowe on April 4, 2018 at 1:00 pm
Why Apply Audit Data Analytics? Audit data analytics is a hot topic. In fact, there has been a loud call to action recently. That call to action is this. We must transition to applying audit data analytics (ADA) in performing our audit engagements. By applying audit data analytics, it allows those in the profession to […] The post Three Ways to Enhance Audit Quality with Audit Data Analytics appeared first on Tax & Accounting Blog. […]
Re-inventing An Old Industry.
by Brandon Sims on April 2, 2018 at 1:00 pm
Innovative Organizations Hate The Status Quo. I can confidently say that in my history of working in different jobs, under different bosses, and within different organizations; every one of those organizations talked a good game about the desire to change for the better. Now, I am talking about “talk” here, and not “walk”. Walking the […] The post Re-inventing An Old Industry. appeared first on Tax & Accounting Blog. […]
Accounting is the story of a business told in the language of numbers. Some people have a natural understanding of numbers, but it is not something that comes naturally to everyone. Thus, even if you have learned the basics and can prepare your own budgets or monthly...
Ever complain to a friend or family member about your debt and received advice that landed you in more debt? The one person who will not lie to you about your finances is your accountant. Each is obligated by law to act professionally, with integrity. Hiring an...
An accountant can help you save money. Look at it this way - your accountant probably knows more about you than even your mother at this point! He or she can help you devise strategies to hide money from yourself, such as automatic payroll deductions into a brokerage...
Changing jobs? Your accountant would advise you on assuring that your new employer is withholding the right amount from your paycheck. It is definitely worth keeping an eye on, to avoid back taxes in the future.
Living paycheck to paycheck? An accountant can analyze your financial situation and provide you with options on how to reduce your debt. Your accountant can also teach you methods to improve your credit score, which is invaluable if you are thinking of purchasing...