Our Thoughts On

Sort by

Categories
Authors

Audit

Articles 1 - 10 of 188

OMB Issues Final 2020 Compliance Supplement

On August 18, the Office of Management and Budget released its final 2020 Compliance Supplement. The release comes five months after the OMB issued a number

FASB Proposes Changes to the Definitions of Financial Statement Elements

On July 16, the Financial Accounting Standards Board (FASB) issued exposure draft Concepts Statement No. 8, Conceptual Framework for Financial Reporting,

Schneider Downs’ Construction Practice Ranked Once Again

Last year, Construction Executive (CE) unveiled its inaugural ranking of the Top 50 construction accounting firms. In August, CE released its second annual

New FISAP Instructions Under the CARES Act

On August 3, 2020, the Fiscal Operations Report for 2019-20 and the Application to Participate for 2021-22 (FISAP) instructions became available. The reporting

Register to receive our weekly newsletter with our most recent columns and insights.

New EBP Auditing Standards Deferred Due to COVID-19

The COVID-19 outbreak may offer one hidden benefit as we enter the Employee Benefit Plan (EBP) audit season: we’ll have plenty of time to learn about

Planning for Reference Rate Reform

The FASB recently issued ASU 2020-04 to provide accounting relief from the impact of reference rate reform. Reference rate reform is the expected cessation

Part I: Accounting and Financial Reporting Implications of the CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27 to address economic instability brought on by the pandemic.
Audit, SOC, Technology
Troy Fine | 4.17.2020

Amazon Web Services (AWS) Best Practices For a Successful SOC 2 Examination

For Software as a Service (SaaS) companies operating in Amazon Web Services’ (AWS) cloud environment, there are a number of AWS best practices that

Register to receive our weekly newsletter with our most recent columns and insights.

PCAOB Releases Staff Spotlight Reminding Audit Firms of Responsibilities During COVID-19 Crisis

Amid the evolving challenges and looming economic impacts of the COVID-19 pandemic, the PCAOB Staff released a Spotlight document reminding auditors of

FASB Votes to Propose Delay of New Revenue Recognition Standards for Franchisors and Lease Standards for All Non-Public Companies and Not-for-Profit Public Business Entities

Acknowledging the disruption caused by the COVID-19 pandemic and the strain it has put on the resources of many organizations, the FASB voted on April

Register to receive our weekly newsletter with our most recent columns and insights.