May 22, 2025 | Auditing
On March 14, 2025, the ASB released its Proposed Strategic Plan for 2026–2030, building on the success of its 2021–2025 plan. The new proposal outlines incremental updates aligned with its public interest mission, addressing key challenges, opportunities, and strategic initiatives for the future.
Aug 15, 2024 | Auditing, Non-Profit
TQA on DOE’s Related Party Disclosure Requirements The AICPA has issued a TQA to assist auditors with addressing how to consider the new Department of Education’s related party disclosure requirements. The TQA provides example disclosures and an understanding of...
Jun 27, 2024 | Auditing, Genuine Learning
2023 Enhancing Audit Quality Report Through the Enhancing Audit Quality initiative, the AICPA promotes high quality auditing and assurance, with a focus on subject matter that has created challenges for practitioners. According to the 2023 Enhancing Audit Quality...
May 16, 2024 | Auditing
This week’s blog provides an overview of a recently issued PCAOB Spotlight that can help firms with evaluating audit evidence. While the report is issued by the PCAOB, many of the insights also apply to private companies.
Oct 5, 2023 | Accounting, Auditing, Ethics, Genuine Learning, Government
At the end of July, the FASB proposed new disclosure requirements that would require public business entities to provide more disaggregated data around their income statement expenses. Unlike the recent income tax disclosure proposal, this proposal only impacts public business entities. It is in response to a request from investors to provide more granular information to assist users in understanding the company’s cash flows. Comments are due October 30.