Posts by Caras & Shulman

The April issue of Integra International’s Audit & Accounting Alert is now available. Topics include: Audit Quality Survey is New, But the Results Are Not The beat goes on for recurring deficiencies Auditors Embrace Artificial Intelligence IBM’s Watson and Deloitte’s Argus among AI entries to the audit arena Worldwide Update Quarterly roundup of recent and upcoming actions and activities by audit and accounting organizations throughout the world Integra International’s Audit &...

The March issue of Integra International’s Audit & Accounting Alert is now available. Topics include: New Era Decision Making Requires a More Robust and Nimble Approach Joint CIMA/AICPA Survey reveals struggles and successes From Crisis to Confidence: A Call for Consistent, High-Quality Global Regulation New IFAC report contends that more is not necessarily better in the world of regulation The World Braces for Impact of New Accounting Standards Implementation of monumental financial...

The February issue of Integra International’s Audit & Accounting Alert is now available. Topics include: Seeking a Sound Future for Europe’s Auditors European and American audit groups pursue common quality goals New Report Targets Quality Controls of UK Audit Firms Financial Reporting Council’s Thematic Review delivers mixed results on monitoring effectiveness Quantifying Sustainability Sustainability Accounting Standards Board issues new guide and industry specific measures Integra...

The January issue of Integra International’s Audit & Accounting Alert is now available. Topics include: China: Two Steps Forward, One Step Back China’s steady, yet cautious move to modern financial reporting and accountability Enhancing Professional Competence International board consults on future needs and offers guidance Worldwide Update Quarterly roundup of recent and upcoming actions and activities by audit and accounting organizations Integra International’s Audit & Accounting...

It is with mixed emotions that we announce the early retirement of Patricia Fuller. Cush, as she is affectionately called by her coworkers, has been with our firm for 35 years. Cush’s attention to detail, warm personality, and interest in customer satisfaction has been invaluable. Her willingness to put in extra time and effort to help us meet deadlines has demonstrated a commitment to excellence that we have come to depend upon. In addition to her incredible competence and skill, she has been...

The December issue of Integra International’s Audit & Accounting Alert is now available. Topics include: The Path to Future Relevance for Accountants Wide ranging study sounds the alarm and points the way
 Creating Value With Integrated Thinking New report lays out the role of professional accountants

 New Lease Standard to be Issued Soon FASB and IASB are finalizing separate standards with similar concepts but differing approaches Integra International’s Audit & Accounting Alert is...

The November issue of Integra International’s Audit & Accounting Alert is now available. Topics include: Concept of Materiality up for Clarifications FASB proposes adoption of legal definition Key Areas for Audit Focus Center for Audit Quality delivers annual audit alert Cybersecurity in a Mobile World Security lags behind use of mobile devices Integra International’s Audit & Accounting Alert is provided to association members with the intent to highlight emerging issues in the...

On October 21, 2015, the IRS announced Cost of Living Adjustments (COLA) related to retirement plans effective January 1, 2016. Highlights include:   Qualified Plan Compensation Limit $265,000.00  Profit Sharing Plan Maximum Plan Contribution Limit $53,000.00  401(k) Maximum Elective Deferral* $18,000.00  Catch-Up Contribution Limit 401(k)* $6,000.00      for participants 50 years old or older during 2014  Wage Base For Social Security $118,500.00   For more information...

The October issue of Integra International’s Audit & Accounting Alert is now available. Topics include: The Elusive Goal of Global Accounting Standards Standard setters realign their strategies. IASB and FASB Agree to Differ on Clarifying Guidance for Revenue Accounting Delayed effective date and principal versus agent questions find agreement Worldwide Update Quarterly roundup of recent and upcoming actions and activities by audit and accounting organizations Integra International’s Audit...