Data collected by the AICPA Peer Review team can drive better audits by helping audit firms focus remedies on areas that frequently have been associated with accounting and auditing deficiencies.
EXECUTIVE SUMMARY Return-on-equity (ROE) is the correct profit metric to evaluate the performance of a business. However, the primary emphasis on financial ratio analysis must be on operating performance. The “advanced” version of the DuPont model remedies the original model’s failure to cleanly separate the effects of operating and financing...
September 2014 - Journal of Accountancy
- Magazine
- September 2014
2014 tax software survey
Learn how CPAs in our annual survey assessed the performance, features, and technical support of eight major tax preparation software products.
Tax software: Ethical, legal, and professional liability risks
This column addresses a CPA’s professional liability exposures as well as ethical and legal obligations related to the use of tax software.
Socially awkward
Total user accounts or total number of posts are used to tout some companies’ success, but those statistics don’t necessarily indicate profitability.
Nine ways to improve data security
Many businesses continue to underestimate cyberthreats. An urgent change of mindset is called for, says Florian Stahl, lead information security consultant at MSG Systems in Germany. He offers nine tips to bolster thinking around data security.
Lighting the fire: Strategies to fuel the future of learning
The AICPA assembled the Task Force on the Future of Learning to address critical issues in professional development as the workplace evolves. See the task force’s four major recommendations.
Expanding your app-titude
Shop smarter with GroceryIQ…Managing finances with Personal Capital and Mint
ERISA: 40 years later
The 40th anniversary of ERISA’s enactment is a good time to look back at the problems with pensions that the legislation was intended to solve, and the problems that face today’s and tomorrow’s retirees, who increasingly must provide for their own retirement.
Audit regulators see positive signs
In an exclusive interview with the JofA, PCAOB members Jay Hanson and Lewis Ferguson bring different perspectives as they talk about ways to improve auditing.
A holistic approach to audit quality
The AICPA’s new Enhancing Audit Quality initiative is using a holistic approach to align objectives of audit-related efforts and improve auditing of private entities. A discussion paper seeks comments by Nov. 7 in an exploration of the best ways to address quality issues related to financial statement audits of non-SEC registrants, including not-for-profits, employee benefit plans, and governmental entities.
11 tips to optimize QuickBooks reporting
Many QuickBooks users fail to take advantage of the accounting software’s full capabilities. This first article in a two-part series provides tips for efficiently creating, grouping, memorizing, and printing financial reports.
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