November 2015

November 3, 2015

Companies slow to start revenue recognition implementation

A substantial majority of companies participating in a new survey have not yet tried to quantify how the new revenue recognition standard will affect their financial statements.

November 3, 2015

Internal auditors turn focus to organizational culture

The daily headlines are filled with stories of companies that were damaged when culture went awry. Here’s how internal audit can deliver value by providing a clear focus on organizational culture.

November 3, 2015

Disclosures of audit committee’s role increasing

Public company proxy statements included more disclosures in 2015 than in 2014 about the audit committee’s oversight of the external audit firm, a new survey shows.

November 2, 2015

Lower tax rates, territorial regime are still priorities, former Ways & Means chair tells AICPA

Former Rep. Dave Camp highlighted for the AICPA the key issues that should remain a major focus of broader tax reform efforts.

November 2, 2015

FinREC issues revenue recognition working drafts for informal comment

The AICPA FinREC released nine working drafts for informal comment containing industry-specific considerations and illustrative examples related to implementation of the new revenue recognition standard.

November 2, 2015

AICPA, CIMA propose deeper partnership

The AICPA and the Chartered Institute of Management Accountants are proposing to create a new association while preserving their existing membership bodies.

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.