Accounting, Auditing & Attest Services


Outsourcing the Audit: Is it Right for Your Firm?
 

Outsourcing the Audit: Is it Right for Your Firm?

Posted: August 2, 2018
CPAs likely will never totally outsource a function that requires judgement and professional skepticism to ensure that the clients’ financial statements are fairly presented. However, CPA firms need to be open to filling the talent gap with some level of outsourced support, AI and emerging technologies in order to stay competitive in the marketplace.

Remote Auditing — A Millennial
 

Remote Auditing — A Millennial's Perspective

Posted: August 1, 2018
Remote auditing should be able to automate the boring stuff (manual tasks) and reserve the face time for value-added activities and resolving difficult situations. Ticking and tying as well as verification of client data to third parties involves the auditor and a third party, not necessarily a client, therefore that can be done anywhere.

Your Company
 

Your Company's Audit: Get a Game Plan Ready

Posted: August 1, 2018
The keys to a good audit are planning, preparation and communication. You want to have a good relationship with your auditors and keep the communication channels open — not just during the audit but year-round.

Tips for Understanding Critical Audit Matters
 

Tips for Understanding Critical Audit Matters

Posted: July 24, 2018
Critical audit matters will give practitioners an opportunity to provide new, useful information in auditor's reports. A new report explains what audit committees and financial-statement users must know about critical audit matters.

Best Practices for Performing a Quality Audit
 

Best Practices for Performing a Quality Audit

Posted: July 10, 2018
Is it possible for an audit engagement to be both efficient (e.g., on budget) and effective (e.g., have no deficiencies)? Your audit engagements can run smoothly while diligently adhering to professional standards. Here are some tips.

The Annual Audit: Making a Case to Embrace It
 

The Annual Audit: Making a Case to Embrace It

Posted: June 11, 2018
The annual audit offers an opportunity for organizations and auditors to enhance a good working relationship. More importantly, an audit presents an opportunity to gain valuable insights into the business, identify efficiencies and clarify opportunities for growth.

Free Tools to Counter a Common Audit Issue
 

Free Tools to Counter a Common Audit Issue

Posted: May 21, 2018
Risk assessment is at the core of every audit. However, more than 1 in 10 firms aren’t properly assessing risk or linking their assessment to their audit procedures. The AICPA's free toolkit has resources to help.



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