Threats to Yellow Book Independence
Yellow Book independence is a big deal. And if you prepare financial statements in a Yellow Book audit, you…
Restricted Cash: The Skinny on ASU 2016-18
FASB issued ASU 2016-18, Statement of Cash Flows, in November 2016. This standard changes the way restricted cash is shown…
Watch Out! Hosting Services Can Impair Your Independence
As of July 1, 2019, hosting services impair independence, so says the AICPA. And most firms are providing hosting…
Government Auditing Standards: 2018
Government Auditing Standards 2018 Revision The Government Accountability Office just issued the new Yellow Book titled Government Auditing Standards…
Going Concern Accounting and Auditing
Are you preparing financial statements and wondering whether you need to include going concern disclosures? Or maybe you’re the…
CPA Client Interviews: Four Keys
Today we talk about four keys to better CPA client interviews. Many times I have interviewed accounting staff and…
How to Classify Material Weaknesses and Significant Deficiencies
Here’s how you can properly classify material weaknesses, significant deficiencies, and other control weaknesses for audit communication.
SSAE 18: The Clarified Attestation Standards
SSAE 18 is effective on May 1, 2017, and changes the Attestation Standards. Do you issue any attestation reports…
AICPA Code of Conduct
In this post, I provide information about accessing the AICPA Code of Conduct and the Plain English Guide to…