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
The technology assessment engagementAre you working with the best technology? Do you know how to help your clients determine if their technology stack measures up? In this free report, J. Carlton Collins, CPA, explains how to answer those questions via a technology assessment engagement.
FEATURE
Maximizing the higher education tax creditsA counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.