Rotate to Stay Fresh


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


6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.


How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.