Accounting & Auditing

The Final Stretch: Practical Readiness for AS 1105 and AS 2301 Amendments

Accounting & Auditing, Featured, Members Only /

Amendments Related to Aspects of Designing and Performing Audit Procedures That Involve Technology-Assisted Analysis of Information in Electronic Form By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA Introduction Auditors cannot rely on technology, technology-assisted analysis or digital data blindly. Professional judgment and procedures that result in sufficient and appropriate, i.e., reliable and relevant, evidence

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Data Analytics Revolution: Transforming Employee Benefit Plan Audits Through Technology

Accounting & Auditing, Featured, Members Only /

By: Kelly Mann, CPA The Evolution of Auditing As we move deeper into the digital age, the manual processes that once defined our profession are giving way to data-driven methodologies that promise greater accuracy, efficiency and insight. For decades, auditors have relied on random sampling and manual testing, examining limited subsets of transactions, hoping they represent the whole. This approach,

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Finalizing Standards, Fresh Direction: The FASB’s Evolving Agenda

Accounting & Auditing, Members Only, Regulatory News /

By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA Turning the Page to the FASB’s Next Chapter The Financial Accounting Standards Board (FASB) is looking ahead to what is next as many of its current projects are near the Final Accounting Standards Update (ASU) milestone. Seven proposed updates are projected to be finalized by Dec. 31, 2025. If completed

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FASB Issues Standard that Improves Measurement of Credit Losses for Accounts Receivable and Contract Assets

Accounting & Auditing, Regulatory News /

Norwalk, CT—July 30, 2025—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves guidance on the measurement of credit losses for accounts receivable and contract assets. https://www.fasb.org/news-and-meetings/in-the-news/fasb-issues-standard-that-improves-measurement-of-credit-losses-for-accounts-receivable-and-contract-assets-422498

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