KPMG appointed new leaders in the U.S. of its audit, tax and advisory businesses as the Big Four firm tries to regain trust after a bruising series of scandals. | | | What is the "new normal" for engaging customers in the wake of COVID-19? | | COVID-19 has disrupted the way customers interact with businesses, forcing companies to find new ways to best serve their needs. When you complete our confidential survey to help us understand the extent of the expected disruption in your customer interactions during the pandemic — and how your business is responding — we will donate to Direct Relief. | |
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| U.K. fines Grant Thornton, sanctions ex-managers for audit | | By Christopher Elser 2 min read | | The Financial Reporting Council fined Grant Thornton UK LLP and sanctioned two of the auditor’s former executives for failing to maintain ethical standards, in the latest critique by regulators of accounting firms’ shortcomings. | |
| SPONSOR CONTENT | | Advances in Tech Demo Event | | Join this live 1-hour webinar and learn about some of the latest software and technologies in the accounting industry, which are helping our community move forward. Demos are followed by a live Q&A. Hosted by Accounting Today. | |
| AICPA modernizes audit evidence standard for technology use | | By Michael Cohn 2 min read | | 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. | |
| GASB offers guidance on CARES Act and coronavirus | | By Michael Cohn 1 min read | | The Governmental Accounting Standards Board released a technical bulletin with guidance for applying existing GASB standards to transactions related to the CARES Act and outflows incurred in response to the COVID-19 pandemic. | |
| WEB SEMINAR | | The ‘no touch’ tax return | | The reality of a ‘no touch’ tax return is closer than you think, and the technologies available today can help your firm and your clients get closer to that ideal. | |
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