PCAOB previews audit firm inspection findings

The Public Company Accounting Oversight Board has posted a preview of its inspection staff’s observations from 2018, describing some of the main deficiencies it uncovered for auditing firms, along with ways to improve audit quality.


AICPA updates diversity benchmarking tool

The American Institute of CPAs has revised its free Accounting Inclusion Maturity Model for firms, which assesses diversity and inclusion practices with individualized reports.


Tech and the trusted advisor

Can a cloud-based tech stack give accountants superpowers?


Art of Accounting: What a review report should cost

There can be no average fee or even an average fee range. Myriad factors go into determining the price of a review report. Here are some of the factors that affect the fee.


RISCPA launches workforce training program for local students

The Rhode Island Society of CPAs is collaborating with local firms to strengthen the state’s talent pipeline.


Conflicting tax forms create ‘nightmares’ for some investors

Brokerage firms are sending tax statements to clients and the IRS with information that differs from the taxes investors ultimately owe, leading some filers to appear to owe tax on profits they never made.


AICPA offers guidance on direct care of collections for nonprofits

The American Institute of CPAs released non-authoritative guidance to help nonprofit organizations deal with a recent accounting standard on collections.


Transitioning responsibility responsibly

As generations succeed each other at accounting firms, they need to do a better job of handing off work, clients, knowledge and more, and ConvergenceCoaching partner Tamera Loerzel has valuable advice on making sure nothing gets lost.


IRS reverses course on retirement plan determination letters

The Internal Revenue Service has decided to once again expand a program that allows retirement plans to receive determination letters after announcing four years ago it was curtailing the program.


Accountants Confidence Index — May 2019

After the previous month’s uptick, the Accountants Confidence Index dropped again.