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The International Auditing and Assurance Standards Board has released a revised standard for auditing accounting estimates and several related disclosures. International Standard on Auditing (ISA) 540 (Revised) aims to help auditors of banks, insurance companies and other financial services firm deal with new accounting standards from the International Accounting Standards Board and the Financial Accounting […]
In 2014, the Internal Revenue Service began talking up a new initiative for interacting with taxpayers online, calling it the “Future State” vision, allowing taxpayers to communicate with the IRS and deal with their taxes via the internet. The IRS is now phasing out the term, but instead it’s incorporating some of the concepts in […]
A while ago I spoke to two staff people who were not aware of their firm’s capabilities. It was at an Accountants Club of America lunch. I met one of them during the pre-breakfast networking and the other I searched out after the program because of the question he asked the speaker. Both young staffers […]
David Rottkamp (pictured), audit partner, not-for-profit practice leader and partner-in-charge of the New York City office at Grassi Co., was chosen by the New York State Society of CPAs to receive the 2018 Urbach CPA Community Builders Award for his effective leadership and service to nonprofit organizations in his community. EisnerAmper, New York, admitted four […]
The Illinois CPA Society, Chicago, hosted its ninth annual CPA Day of Service on Sept. 28, with a record total of 1,474 volunteers participating in events around the state. Volunteer activities included community gardening, packaging food for families in need, collecting books and learning materials for children, and many more. RSM, Chicago, announced an expansion, […]
The American Institute of CPAs has announced the four recipients of the 2018-19 AICPA/Accountemps Scholarship Award. Recipients were chosen from over 580 undergraduate and graduate students across the country for their status as rising leaders in the CPA profession. Recipients will get $10,000 each to go toward tuition for the 2018-19 academic year. “In addition […]
KPMG South Africa is seeking a chief executive officer from outside the auditing firm to rebuild trust after becoming embroiled in a series of scandals that cost the organization a number of high-profile clients. Current CEO Nhlamulo Dlomu will be taking up a new global role focusing on organizational culture change and ethical leadership, where […]
Denmark has started a formal investigation into the external auditors that signed off on Danske Bank A/S’s annual reports while it was allegedly being used to launder billions of dollars in dirty money through its Estonian unit. The Danish Business Authority will focus the probe on Danske’s 2014 report, but will also look at whether […]
ADP Accountant Connect now offers in-dashboard tax notices Payroll solutions provider ADP now offers accountants in-dashboard capability to upload and view tax notifications and amendments with payroll processing platform access, along with push notifications and tax resources, on the Accountant Connect platform. Accountant Connect is a free accounting software product integrated with both RUN Powered […]
Oracle has released an artificial intelligence-driven security and risk management solution designed for the Oracle ERP Cloud environment. The new Advanced Access Controls allow companies to continuously monitor for segregation of duties (SOD), financial compliance (SOX), privacy risks, proprietary information and payment risks, the company says. The new controls embed self-learning AI techniques to constantly […]
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