News & Insights
Resources from the AICPA’s Enhancing Audit Quality (EAQ) Initiative
July 2nd, 2024
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Peer Review
Quality Management The effective date of the new quality management standards continues to quickly approach. Recall that a firm’s system of quality management must be operational by December 15, 2025; […]
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Peer Review: Governmental Updates
July 2nd, 2024
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Peer Review
Yellow Book CPE Requirements: Are You Ready? A common question firms are asking AICPA Peer Review staff is what exactly is required related to the Yellow Book continuing professional education […]
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Digital Assets: Considerations for Existence, Rights, & Obligations, and Valuation
July 2nd, 2024
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Peer Review
The practice aid, Accounting for and Auditing of Digital Assets, will be updated soon to include two new auditing chapters covering key assertions for consideration when performing engagements involving digital […]
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Completing Peer Review Engagement Profiles
July 2nd, 2024
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Peer Review
Completing engagement profiles for the engagements selected in your firm’s peer review is a critically important step which gives the reviewer an outline of key engagement details, such as non-attest […]
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Scrupulous Records and Legitimate Business Expenses are the Key to Less Painful IRS Audits
April 15th, 2024
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Audit & Assurance |
Tax
If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully record expenses to claim […]