Auditing

In-Person Training vs Online Training? You’re Asking the Wrong Question

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Author: Thomas Kiley and Bethanne Chapman | Date: June 30, 2023 Virtual or in-person training? It’s a widely debated topic in the accounting industry. Each format offers distinct benefits that shape the learning experience, so how can firms decide which one best serves their needs? Before we tackle that answer, let’s make sure it’s the right […]

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Unlocking Global Potential: 3 Compelling Reasons to Outsource Offshore Accounting Staff Training

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Author: Thomas Kiley and Jessica Sacchetti | Date: June 15, 2023 “We’ve just tripled our workforce overseas” is a statement we have heard quite a few times over the past few years. This migration is a byproduct of the current shortage of accountants in the U.S., and the relative availability of talent in India and other

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Breaking the Cycle of Complacency: Can SAS 145 Transform Audit Risk Assessment?

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Author: Jessica Sacchetti & Bethanne Chapman | Date: March 23, 2023 One of the earliest bad habits new accountants learn when starting their first job is the use of belabored acronyms like “DILLY” and “SALY”— “Do it like last year” or “same as last year.” The AICPA Auditing Standards Board (ASB) aims to challenge this

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Play to Your Strengths: When In-House Training Is the Right Choice

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Author: Thomas Kiley & Bethanne Chapman | Date: February 23, 2023 Between law changes, court cases, new regulations, standards updates, turnover, mergers, and constant updates to practice management systems, accounting firms may have a greater demand for ongoing training than almost any other profession. With so much riding on the training that a firm provides to

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Accounting Training: 3 Strategies for Regional CPA Firms to Attract Top Talent

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Author: Jessica Sacchetti & Bo Fitzpatrick | Date: February 14, 2023 The accounting profession is at an inflection point. Fewer students are graduating with accounting degrees and many experienced leaders in the profession are reaching retirement age. No matter what size firm you look at, there’s always too much work and not enough people. Regional firms

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Yearning for Learning: Why knowledge is the key to recruiting and retention

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Author: Jessica Sacchetti | Date: January 25, 2023 Accounting firms have long been known for somewhat siloed cultures within their practice areas. Those who are hired into a certain practice either excel and advance—or struggle and eventually leave for a position at another firm or an in-house job. Today, the employment market for accounting, tax

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Top Ten Compliance Risks In An Employee Benefit Plan –

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Plus, how to incorporate the use of Data Analytics on your EBP audits! The US Department of Labor and IRS continually find similar compliance and audit issues when performing reviews and examinations of employee benefit plan audits. A contributing factor may very well be the same old approach to testing. Data analytics allows auditors to

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Audit Reporting Revisited: SAS 134 And SAS 137

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Upcoming Major Revisions to Auditor Reporting on FS and Other Information Included in Annual Reports The Auditing Standards Board recently issued revised standards designed to substantially converge with the auditor reporting standards of the PCAOB and the International Audit and Assurance Standards Board (IAASB) that result in a complete overhaul of the form and content

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