December 2022

December 8, 2022

PCAOB report: Audit deficiencies increase in 2021

Deficiencies in a relatively new area of reporting — critical audit matters — contribute to the increase, but the board also sheds light on several good practices.

December 7, 2022

PCAOB report analyzes reporting of critical audit matters

The PCAOB finds that progress is being made related to the reporting of critical audit matters but reminds auditors of the board’s expectations.

December 7, 2022

CAS practices report growth, optimism for the future

Client advisory services (CAS) practices reported a median growth rate of 16% over the previous year and projected 15% growth in the current year, according to a survey conducted by CPA.com and AICPA & CIMA.

December 1, 2022

Inflation drives pessimism and fuels potential challenges

More CPA decision-makers are pessimistic about the state of the U.S. and global economies, according to the quarterly Business and Industry Economic Outlook Survey.

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.