AU-C identifier retained indefinitely

The “AU-C” section identifier will be retained indefinitely for clarified auditing standards developed by the AICPA Auditing Standards Board.

Established for the clarified auditing standards to avoid confusion with references to the “AU” sections in AICPA Professional Standards, the AU-C identifier had been scheduled to revert to the AU identifier at the end of 2013, by which time the previous AU sections would be superseded for all engagements.

But the AU-C identifier now will be retained indefinitely in response to user requests. The superseded AU sections still are scheduled to be deleted from AICPA Professional Standards at the end of the year.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.