November 2024

AUDITING

Scaling SAS 145 for less-complex entities

Recognize opportunities to customize audit procedures at less-complex entities while meeting the requirements of the standard.

AUDIT & ASSURANCE

Resources to implement the QM standard

The AICPA offers a comprehensive practice aid to help firms implement the new quality management standard by the 2025 deadline.

FIRM MANAGEMENT

Offshoring for CPA firms: The hows and whys

Offshoring can open the door to a global talent pool, but firms should follow best practices and avoid common pitfalls.

TAX

New and enhanced energy tax credits for individuals

Help clients save money on green vehicles and home energy upgrades.

ADVERTISING SUPPLEMENT

The data-driven audit: Technology and the future of auditing

Cathy Rowe, Senior Vice President and Segment Leader, U.S. Professional Market, Wolters Kluwer Tax & Accounting North America, discusses how data-driven insights combined with analysis and guidance can make audits more thorough and help firms make better decisions.

COLUMNS

TAX MATTERS

NIL organization denied tax-exempt status

GAO recommends improvements to IRS’s private debt collection program

The IRS did not abuse its discretion in sustaining levy

Line items

TECHNOLOGY Q&A

Using Excel’s Scenario Manager for decision-making

Using Copilot in Microsoft Outlook

FROM THIS MONTH'S ISSUE

AI risks CPAs should know

Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.