Enter The PCAOB The PCAOB’s (Public Company Accounting Oversight Board) was established in 2002 by Congress, states independence standards clearly set forth that under certain qualifying conditions, proposing audit adjustments (without regard to their number, nature, or significance) for review and acceptance by management does not impair audit independence (PCAOB Interim Ethics section ET .05.101-3). […]
The Case for Blockchain in the Financial Audit Trends in professions change often. With the advent of technology and its introduction, in particular to accounting,It seems to be changing at an exponentially fast rate. Even more specifically to audit, blockchain(ing) is the new big thing. As I contemplate the human connection of the audit team, […]
Seven Signs of Audit Integrity The difference between good and great. We can usually tell the difference. And likewise it is in the corporate audit world. A good auditor can rattle off the accounting policies and quality control standards. A great auditor will use these to advocate for the success of your firm. But coming […]
Navigating an IRS Audit In the month of April there are usually two things on Americans minds, 1) Easter and 2) April 15: TAX DAY! And the IRS is waiting with their hand out (as well as state tax agencies.) Depending on which side of the coin you are on, tax season can be full […]
Approximately 239 million tax returns are filed each year, and many would agree that the current tax system is outdated. As Republicans aim to pass the first tax system overhaul in three decades, you can expect some tax changes for your 2018 tax return. In this article, you’ll learn what you can expect based on what we know about […]
There is no need to be frightened, however. Though this new law will absolutely affect you, there is nothing to be scared of. We’ve put together this list of five ways that the new tax law affects you so that you can be prepared going into this new tax period. Read on to learn how […]