• Publications
  • Influence
Small Businesses, Big Risk: Fraud Controls Lacking at Organizations with Fewer Than 100 Employees
EXECUTIVE SUMMARY * Organizations with fewer than 100 employees significantly trail their larger counterparts in the implementation of formal antifraud controls, according to a worldwide survey byExpand
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Not-for-Profit Governance
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Internal Control, Revisited: Prominent COSO Officials Discuss Proposed Updates to Framework
TLDR
For about 20 years, the popular internal control framework of the Committee of Sponsoring Organizations of the Treadway Commission (COSO) has been like a favorite tool in a craftsman's shop. Expand
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Data Analytics Helps Auditors Gain Deep Insight: Technology Provides Opportunity to Test Full Data Sets Rather Than Just Samples
[ILLUSTRATION OMITTED] EXECUTIVE SUMMARY * Data analytics technology presents opportunities for auditors to gain a better understanding of their clients' business. To take full advantage of currentExpand
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In Pursuit of Inclusion: New Initiative Will Focus on Racial Diversity
EXECUTIVE SUMMARY * The AICPA is a leader in a new, national commission on diversity that has been formed to help eliminate duplication of efforts, and advance best practices in the effort toExpand
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What Will Be Tested on the Next CPA Exam: Testing Higher-Order Skills Will Become a Bigger Focus in 2017
As the business environment has changed, a shift has occurred in the type of work newly licensed CPAs perform. Technical proficiency of accounting, auditing, and tax concepts remains important.Expand
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Revenue Recognition: No Time to Wait: Quick Decision on Transition May Be Needed for Converged Standard
EXECUTIVE SUMMARY * Virtually all companies are expected to experience some level of change as a result of the new, converged financial reporting standard for revenue recognition, which was releasedExpand
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Audit Regulators See Positive Signs: PCAOB's Ferguson and Hanson Share Their Vision for the Profession
[ILLUSTRATION OMITTED] Jay Hanson and Lewis Ferguson bring different perspectives to their duties as board members of the PCAOB. Hanson, a CPA, has personal experience auditing public companies.Expand
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Seven Revenue Recognition Considerations: New Standard May Force Companies to Wrestle with Many Changes
EXECUTIVE SUMMARY * Many companies will see changes in their financial reporting as a result of the converged revenue recognition standard under preparation by FASB and the International AccountingExpand
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