It’s May. For many it’s Commencement season with high school and college graduations. It’s a time to look forward to the future and get excited about opportunities. But, audit committees naturally think about risks and we’ll cover those here. We scour available resources and keep up with regulatory developments to...

Please note that the PPTA is intended as general information and should not be relied upon as being definitive or all-inclusive. The CAQ encourages member firms to refer to the rules, standards, guidance, and other resources in their entirety at the hyperlinks provided below. All entities should carefully evaluate which...

Technological advances. Emerging developments. Evolving corporate reporting. The world of auditing is rapidly evolving, and it’s an exciting time to be an auditor. As a long-time accountant, I never thought I’d be using the words “auditor” and “exciting” in the same sentence (I’m joking of course, I put those words in...

Meeting Highlights | IPTF, November 2022

Meeting Highlights | IPTF, May 2022

Audit Partners Pessimistic on U.S. Economic Outlook as U.S. Businesses Continue to Face Inflation, Cybersecurity Risks Washington DC, May 19, 2023 – Audit partners are pessimistic about the outlook for the U.S. economy as U.S. businesses continue to face inflation, cybersecurity risks, and increased regulation, according to the Center for Audit Quality (CAQ’s), Audit...

Overview Our annual update on financial reporting provides a review of (1) new accounting standards that are becoming effective within the next 12 months and (2) proposed accounting standards for which exposure drafts have been issued with comments being sought from the user community. It is an opportunity to stay up...