Accounting, Auditing & Attest Services

Changes Looming for Employee Benefit Plan Auditors
 

Changes Looming for Employee Benefit Plan Auditors

Posted: September 16, 2019
More than two years ago, the American Institute of CPAs (AICPA) issued an exposure draft designed to overhaul employee benefit plan (EBP) auditing standards. The final standard was issued in July 2019 and consists of many changes for plan auditors.

5 Steps to Get Started with Audit Data Analytics
 

5 Steps to Get Started with Audit Data Analytics

Posted: September 13, 2019
If your firm hasn’t started using audit data analytics yet, it’s time to get on board. Audit data analytics are a technique that can help you leverage current technologies and move toward a more data-driven approach to planning or performing an audit.



The Benefits of a
 

The Benefits of a 'Decomposed' Approach to Group Audit Planning

Posted: August 8, 2019
In the early stages of a group audit, research shows that it's best to evaluate qualitative and quantitative risk factors on their own first, then use these individual subjudgments to inform key planning decisions. This is known as a "decomposed" approach to audit planning, and it has been shown to deliver a better recognition of qualitative risks that otherwise might be overlooked.




Accounting and Auditing for Small Businesses
 

Accounting and Auditing for Small Businesses

Posted: July 8, 2019
It's not enough to simply understand debits and credits or be proficient with audit programs. CPAs need to be teachers and problem solvers. Providing service to small business extends beyond analyzing the transactions; it involves serving as a consistent resource.


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