Manual processing of reconciliations is a critical audit matter

As the deadline approaches to comply with the new auditing standard adopted last year by the PCAOB, auditors are girding to disclose CAMs for the first time in their reports.


Accountants Confidence Index — May 2018

The Accountants Confidence Index edged downward as tax season came to a close.


ADP introduces new digital payment option

The Wisely Pay solution includes peer-to-peer transfers, instant pay and mobile digital wallets from Apple Pay, Samsung Pay and Android Pay.


Harold Monk resigns from FASB

The Financial Accounting Standards has lost one of its members, with Harold Monk stepping down from FASB for “personal reasons.”


AuditFile offers report writer add-on for Word

The audit automation software provider has introduced a free tool for Microsoft Office users.


Top 3 ways accounting firms can protect client data

Now, more than ever, practitioners are vulnerable to increasingly sophisticated cybersecurity threats that can have severe consequences if appropriate protections are not put in place.


IMA plans for 100th anniversary and release of Competency Framework for accountants

The Institute of Management Accountants is getting ready for next year’s centennial while expanding internationally.


ACCA and CFA Institute sign deal

The Association of Chartered Certified Accountants and CFA Institute, which offers the Chartered Financial Analyst designation, have agreed on a three-year memorandum in which both organizations will collaborate on various initiatives.


Firms giving back: Scheffel Boyle raises over $6K for Big Brothers Big Sisters

The Illinois firm participated in its annual ‘Bowl for Kids’ Sake’ event to benefit the organization.


IRS adjusts health savings account limits for 2019

The Internal Revenue Service has issued a revenue procedure providing the 2019 inflation-adjusted amounts for HSAs and high deductible health plans.