4 Steps to Better Risk Assessments

In my role at the AICPA, I’ve always been a big advocate of helping firms perform smarter audits by deepening their understanding of the client. I want to help firms understand the distinct advantage they can gain by better understanding the concept of significant risks and gathering useful risk information through performing a more thoughtful and efficient risk assessment. A new whitepaper I have just published discusses the steps you can take in greater detail.

Why Financial Statement Preparation is Proposed to Be a Nonattest Service

One reason why I love my position at the AICPA is because I get to meet with so many wonderful members who work so hard to make the CPA profession great. I’m always interested in discussing our new proposed standards and listening to their views about how those standards assist them in their day-to-day work.

As I traveled the country this past spring and summer, I wanted to hear how our members perceived the changes that both the AICPA’s Professional Ethics Executive Committee and the AICPA’s Accounting and Review Services Committee have proposed on a very important issue.