Audit software

The chairs of corporate audit committees want to hear more regularly from auditors, but they’re also concerned about “over-auditing” and “over-documentation,” according to the Public Company Accounting Oversight Board.

The updated practice aids are designed to help firms implement the new requirements in SAS 134-140 and SSARS 25.

Anthony Pugliese will succeed the longtime leader of the Institute of Internal Auditors, Richard Chambers, at the end of March.

Accounting and investment pros can’t audit sources and verify data quickly enough to ensure the information is both updated and accurate.

Now is the time to start preparing your firm for the changes on the way.

The investment is earmarked for accelerating the growth of CaseWare Cloud, and continued investment in AI, automation, and data analytics.

Auditors should take stock of the lessons learned from the first phase of remote auditing.

Wagepoint receives $10 million investment; Inflo debuts Workpapers for digital audits; and SIX releases data service for assessing tax-related costs.

The state society will have the Canadian company educate its members on AI and data analytics, as well as MindBridge’s software solutions.

Mastermind Analytics identifies spending risks, provides benchmarks on demand, and gives finance teams more visibility into behavior patterns.

In 2019, Armanino debuted TrustExplorer, an assurance platform that uses blockchain technology to provide continuous evidence collection and on-demand audit opinions.

Smart Eye Technology releases screen privacy and document security platform; Wolters Kluwer TeamMate+ named finalist in Saas Awards; and Mode app now allows instant Bitcoin transfer.

The AICPA's Dynamic Audit Solution is on track to transform the field; Sue Coffey of the American Institute of CPAs and Erik Asgeirsson of CPA.com offer an update on this ambitious project.

The Committee of Sponsoring Organizations of the Treadway Commission has released a new paper offering its views on how blockchain technology can be used with an organization’s internal controls over financial reporting.

Deloitte is helping more of its clients leverage blockchain technology as it sees the distributed ledger technology gain increasing usage after years of experimentation with the technology.

The American Institute of CPAs’ Auditing Standards Board has released a new standard for audit evidence for private companies, updating the existing standards in recognition of the increasing role that technology plays in audit procedures.

There are close to 84,000 employee benefit plan audits conducted in the United States each year, almost 70 percent of which are limited-scope audits.

As the coronavirus pandemic continues, the need for remote audit capabilities remains a prime concern.

Hotel and airline cancellation charges are giving way to more requests for work-from-home items.

American Institute of CPAs president and CEO Barry Melancon talked about the need for CPAs to learn new skills as hiring of accounting graduates has slowed and the CPA licensing model has come under threat in some states.