By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA Building on the preceding article,1 we suggest in this article that periods of uncertainty should not be immediately overwhelmed with efforts to provide answers, but rather, they should be met with questions. Taking time to ask questions is a pathway to understanding a company’s or client’s unique […]
Ask First: Understand Better Read More »
Whether we acknowledge it or not, the audit profession is in the middle of a radical transformation. Facing a confluence of challenges – technological disruption, shifting regulatory landscapes and critical talent shortages – the profession must evolve rapidly or risk obsolescence. Traditional methods, once sufficient, can no longer meet the demands of an increasingly complex
The Future of the Audit: A White Paper Executive Summary Read More »
https://gasb.org/news-and-meetings/in-the-news/gasb-provides-guidance-to-assist-stakeholders-with-application-of-its-pronouncements-422168
GASB Provides Guidance to Assist Stakeholders With Application of Its Pronouncements Read More »
https://www.aicpa-cima.com/resources/landing/navigating-tariffs-key-resources-for-accounting-and-finance-professionals
Navigating tariffs — Key resources for accounting and finance professionals Read More »
https://www.fasb.org/news-and-meetings/in-the-news/fasb-improves-guidance-on-share-based-consideration-payable-to-a-customer-421949
FASB Improves Guidance on Share-Based Consideration Payable to a Customer Read More »
By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA Recent economic developments, including shifts in inflation trends, interest rate fluctuations, global supply chain considerations, and evolving geopolitical conditions, are prompting many organizations to evaluate how recent events will impact their financial reporting processes and respective results. These dynamics can impact considerations around asset valuations, fair
Seeing Through the Chaos: An Accountant’s Lens Read More »
https://www.fasb.org/news-and-meetings/in-the-news/fasb-issues-standard-that-clarifies-guidance-for-identifying-the-accounting-acquirer-in-a-business-combination-421871
https://www.fasb.org/news-and-meetings/in-the-news/sec-accepts-2025-fasb-taxonomies-421244
SEC Accepts 2025 FASB Taxonomies Read More »
By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA In 2022, the Tennessee CPA Journal reported on the newly released quality management standards (QMS).1 Today, with the effective date approaching, we provide important reminders and a discussion of (and reference to) some helpful resources for sole practitioners, small to medium firms, and other stakeholders. Quality management
By: Karen C. Miller, Ph.D., CPA; Santhosh Abraham, Ph.D.; and Danielle Brannock, CPA, CSPO While the use of data visualizations may not be new, it can be a revolutionary tool for internal auditors. Even Albert Einstein (1879-1955) noted, “My particular ability does not lie in mathematical calculation, but rather in visualizing effects, possibilities and consequences.” Looking back
Data Visualization: Enhancing Audits Through Increased Engagement Read More »