December 2011

What’s going on in the big firms? Part I

A number of bloggers have been talking about audit quality issues in the Big 4 environment. Francine McKenna has a lengthy post that provides some background. Also focuses on the visible attitude of Deloitte.  Read her post:  At Deloitte, More Pain Before Any Quality Gain.

For those of us in small firms, the Big 4 world is far removed from our life.  And for all the CPAs I know, that is a good thing.

On the other hand, it would be good for us to pay occasional attention to that world because if they get in trouble, it affects all of us.  This article would be a very good place to start to get a feel for what’s going on that world.

There seems to be some issues with audit quality. …

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GAAP Guide – Research tool for CPAs

You may recall the Miller GAAP Guide from days long past.  It’s now the CCH GAAP Guide.  The 2012 edition will be published 12-26-11.

You really should have a copy handy.  It is a superb research tool for CPAs having to deal with issues they haven’t delved into before.

I was honored to have been asked to look at the revisions for the current year.  Just finished that project this week.  It has been a few years since I looked at the book.  Looking at it again reminded me of what an incredible resource it is.

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