The AICPA’s updated digital assets practice aid addresses the most recent developments in an evolving area.
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TOPICS
Audit & assurance
ASB approves standard on auditors’ responsibilities relating to fraud
The AICPA Auditing Standards Board approved a new fraud standard to enhance and clarify auditor responsibilities in a financial statement audit.
SAS 149 is coming: What audit teams need to know
The standard is effective for audits of group financial statements for periods ending on or after Dec. 15, 2026. Find out how it changes group audits and how you can prepare.
PEEC adopts revised definition of ‘attest engagement team’
The change, effective Dec. 15, clarifies for practitioners who is and is not part of an attest engagement team when applying AICPA Code of Professional Conduct independence requirements.
PCAOB seeks feedback on its 5-year strategic plan
The board that oversees audits of public companies proposed six goals in a draft of its 2026–2030 strategic plan.
AICPA updates audit standards related to external confirmations
SAS No. 150, External Confirmations, published Monday following an AICPA Auditing Standards Board vote in May, is designed to address today’s digitally driven environment.
PCAOB consultation process offers new options for firms seeking guidance
Registered public accounting firms are invited to request staff views on the implementation of PCAOB standards, with the option to launch a more formal firm consultation.
Standardization of sustainability reporting improves, but obstacles remain
While an increasing number of large U.S. companies turned to audit firms for assurance of sustainability data in 2024, a gap persists with the rest of the world, an annual report shows.
PCAOB works to form Inspections Modernization Council
The board is accepting applications through June 15 to help “modernize PCAOB inspections so they remain relevant and resilient.”
What CPA.com’s CEO sees next for AI, tax, and the profession
AI is rapidly reshaping accounting, and this episode explores how firms can use it to transform tax, audit, and client advisory services. Erik Asgeirsson also reflected on Town Hall’s 2020 launch and previews ENGAGE. Listen to the podcast episode or read the Q&A.
How to monitor a firm’s system of quality management
Explore resources and examples that explain how small firms can perform monitoring procedures, document results, and turn SQMS No. 1 into an executable process.
AICPA guides peer reviewers to address SOC 2 risks
The AICPA Peer Review Board provides guidance for peer reviewers to identify risks and reinforce quality in SOC 2 engagements.
The Auditing Standards Board’s priorities for 2026 and beyond
The chair of the AICPA Auditing Standards Board outlines the projects that are top of mind for auditors. Listen to the podcast episode or read the Q&A with Halie Creps, CPA.
Proposed new sustainability information AT-C sections
Learn about the proposed new subject matter-specific sections of the attestation standards for examination or review engagements on sustainability information.
Proposed revisions to examination and review engagements in the attestation standards
Part 2 of a three-part series explores the approach taken when revising the attestation standards and highlights selected significant matters that more broadly affect examination and review engagements.
AICPA urges use of its stablecoin criteria in GENIUS Act rulemaking
A comment letter to the office responsible for establishing final rules for the Guiding and Establishing National Innovation for U.S. Stablecoins Act makes the case for leveraging the AICPA’s established framework.
Proposed attestation changes: What CPAs should know
With increased demand for assurance beyond financial statements, proposed updates aim to make the attestation standards easier to navigate and more responsive to emerging engagement opportunities. Learn more in this JofA web exclusive.
AICPA comments on assurance standards for California climate law
In a comment letter to the California Air Resources Board, the AICPA and California Society of CPAs call for increased minimum assurance requirements related to greenhouse gas data that must be reported later this year.
SOC engagements: Ethics risks with tool providers
Learn how to use the AICPA Code of Professional Conduct and the standards for attestation engagements to address key ethics and independence threats with SOC tool providers, including conflicts of interest, advertising, referrals, and audit evidence.
Audit report card: More internal audit teams suffered cuts in 2025
The percentage of internal audit leaders reporting staff and budget reductions in 2025 rivaled numbers during the global financial crisis nearly two decades ago. Strategic alignment was linked to sufficient funding for the function, an annual report showed.
Features
FROM THIS MONTH'S ISSUE
Clean data faster using Excel’s REGEX functions
Excel’s REGEX functions provide a simpler, flexible solution to text-cleaning tasks, reducing the need to combine multiple functions when cleaning imported data. This JofA Technology Q&A article shows the way with step-by-step instructions and a video walkthrough.
From The Tax Adviser
July 31, 2026
Current developments in S corporations
July 31, 2026
