Auditing


For news from the AICPA and state societies, visit www.cpa2biz.com , which also offers online CPE, AICPA professional literature, practice management aids and links to state society Web sites.

Both the Institute and the Big Five issue statements describing their latest initiatives to improve the quality of financial reporting and auditing. Among such efforts are the Institute’s plans—with the firms’ help—to expand Auditing Standards Board fraud detection and deterrence guidance for financial statement issuers, audit committees and auditors and to continue implementing the recommendations of the Panel on Audit Effectiveness. ( http://ftp.aicpa.org/public/download/news/auditquality.pdf ; www.aicpa.org/news/bigfive.htm )

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.