Internal Controls



The recently formed Center for Audit Quality (www.thecaq.org) issued comments on SEC and PCAOB proposals related to section 404 of the Sarbanes-Oxley Act of 2002 (SOX 404). The Center supports the proposals, which encourage increased effectiveness and efficiency in implementing the provisions of SOX 404. However, the Center offered technical comments intended to improve the proposals in meeting their overall goal of making implementation of SOX 404 more effective and efficient. The comment letters are available at www.aicpa.org/caq/download/PCAOB_Docket_021_Comment_Letter.pdf and www.aicpa.org/caq/download/SEC_Release_33-8762_Comment_Letter.pdf .

SPONSORED REPORT

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.

FEATURE

Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.