Rotate to Stay Fresh

BY FRANK THOMAS MURPHY

There has been much debate recently about rotating auditors to give “fresh looks” a chance.

As a guide the SEC requires companies to publish three years’ worth of statements of income and expense and cash flows.

I suggest three-year audit engagements may be in order to comply with the “fresh look” theory.

Frank Thomas Murphy, CPA
Glendale, California

SPONSORED REPORT

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

TECHNOLOGY Q&A

How to create maps in Excel 2016

Microsoft Excel 2016 has two new mapping capabilities. J. Carlton Collins, CPA, demonstrates how to make masterful 2D and 3D maps in Excel 2016.

QUIZ

News quiz: Economy and health care changes top CPAs’ list

CPA decision-makers’ economic outlook and the House Republicans’ proposed tax changes as part of replacing the Patient Protection and Affordable Care Act received attention recently. See how much you know with this short quiz.