Traditionally, investing and “doing good” have been considered two very different activities. Investing was about making money, while doing good was about giving money away charitably to foster some kind of positive change. However, the two concepts have started to merge and form what is now known as socially responsible investing. It offers a way to achieve both a financial and a social return on an investment and has become a popular idea over the last decade. Sustainable and responsible investment now accounts for more than $3 trillion of the roughly $25 trillion in the U.S. investment marketplace, according to the Forum for Sustainable and Responsible Investment.
Continue reading "Emergence of Social Stock Exchanges and Other Market Drivers of Sustainability" »
have you started doing Service
Organization Control engagements at your firm yet? You’ll recall in my
last blog post that jumping into this niche area is a great
way to engage existing clients and new clients in an emerging market.
AICPA has been fielding a number of questions regarding performing and
reporting on SOC 1SM,
SOC 2 SM and SOC 3 SM engagements. Here are four
of the key queries and their answers to help you and your firm move forward in
starting a SOC practice:
Continue reading "4 Things to Know About Performing and Reporting on SOC Engagements" »
As with so many issues related to the accounting profession, opportunities to engage new clients or re-engage existing clients abound when standards are updated or changed. Such is the case with Service Organization Control Reports SM. The guidance for service auditors in the old Statement on Auditing Standards No. 70, or SAS 70, as it was known, was replaced effective June 15, 2011, by Statement of Standards for Attestation Engagement No. 16, which can give your firm and its clients a new set of standards to meet user needs.
If you haven’t already looked into this growing market for CPA services, here are some tips on how you can start a SOC practice:
Continue reading "SOC Engagements: How to Get in the Game" »