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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. ( ; )


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.