The Auditor’s Role in Internal Controls
By Donald J. Kaiser, CPA, McCarthy & Company, PC Internal controls are among the most important anti-fraud controls that...
Podcast | 4-13-2020
This week’s podcast focuses on the following items: PPP loan program FAQ gets updated by SBA IRS releases §163(j) relief...
Embracing the AI Wave in Health Care
By Paul Weeks Artificial Intelligence (AI), machine learning, deep learning, data analytics — all are hallmarks of any discussion surrounding...
With Financial Reporting, It’s All About Disclosure
By James J. Newhard, CPA Whenever I hear the expression, “the only easy day was yesterday,” I know that person...
FASB Releases 2020 GAAP, SEC, XBRL Taxonomies
The Financial Accounting Foundation announced the availability of the 2020 GAAP Financial Reporting Taxonomy, the 2020 SEC Reporting Taxonomy, and...
FASB Affirms Deferral of Long-Duration Standard
The FASB reaffirmed its decision to defer the effective date of the long-duration contracts standard by one year for larger...
Changes Looming for Employee Benefit Plan Auditors
By Elizabeth B. Harper, CPA, SobelCo More than two years ago, the American Institute of CPAs (AICPA) issued an...
IRS Audit Rate Continued to Decline Last Year
By Michael Cohn The Internal Revenue Service’s audit rate went down again in 2018, according to data released Monday by...
The Ten Commandments of an IRS Audit
By Jim Buttonow Behold, the IRS audit. They are rare these days. Only one out of every 184 taxpayers experienced...
Responding to Pressure to Provide CPA-to-Lender ‘Comfort’ Letters
By Suzanne M. Holl, CPA CPAs at times come under fire from banks and other lenders pressuring them to provide...