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This is a quarterly e-newsletter on making the most of busy season. Every article will contain a wealth of tips to help make your practice more effective and efficient, along with an action agenda containing steps that PCPS members can implement in their own practices.

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AICPA Sends Congress Recommended Legislative Changes to New Partnership Audit Regime

Press Release The AICPA has submitted to Congress a set of recommended legislative changes to the new Partnership Audit Regime enacted as part of the Bipartisan Budget Act of 2015.
Published on November 17, 2017

AICPA Report of the Nominations Committee

Report The report of the Nominations Committee is submitted proposing nominees as Officers, members of the Board of Directors, members of Council-at-Large, elected members of Council, members of the Joint Trial Board and members of the AICPA Peer Review Board.
Published on October 19, 2017

Online Banking Update on Considerations in a Financial Statement Audit

Report Auditors are required to understand how their clients have responded to risks associated with information technology, so we take a look at online banking considerations in financial statement audits.
Published on October 19, 2017

Accounting Implications of Natural Disasters

Report In this report, we look at some common issues that need to be addressed related to the accounting and financial reporting of natural disasters.
Published on October 19, 2017

The Phantom Stock CPEA Compensation Series - Part II

Report In Part II of this series, we investigate Phantom stock as a method to reward and incentivize employees by granting them awards designed to reflect the value of common stock of the entity.
Published on October 19, 2017

Peer Review MFCs New Developments in 2015

Report Continuing our series about common A&A deficiencies identified in peer review, we look at newer financial reporting developments. Many of these deficiencies relate to changes that could continue to cause quality issues at firms.
Published on October 19, 2017

Leases Exposure Draft - AICPA Professional Ethics Division

Exposure Draft On October 20, 2017 the PEEC issued an exposure draft that proposes updated independence guidance for leases.
Published on October 19, 2017

Comment Letters for the July 7, 2017 State And Local Government Entities Exposure Draft

Comment Letters Comment letters submitted for the July 7, 2017 Exposure Draft:
Published on October 18, 2017

Enhancing Audit Quality

Overview The AICPA launched the Enhancing Audit Quality initiative in May 2014 to reinforce its commitment to excellence and protecting the public. The AICPA launched the EAQ Six Point Action Plan on May 14, 2015. EAQ is a holistic effort to consider auditing of private entities through multiple touch points, especially where
Published on October 18, 2017

IMTA Cybersecurity

Overview Available resources to broaden understanding of information security issues and concerns.
Published on October 18, 2017

Information Management and Technology Assurance

Overview An overview of the AICPA's Information Management and Technology Assurance section.
Published on October 18, 2017

Cybersecurity Resource Center

Tools Find information and links to valuable resources for CPAs providing cybersecurity advisory and assurance services.
Published on October 18, 2017

Peer Review - Home

Overview On the home page of the Peer Review Interest Area, you can find links for peer reviewers, CPA firms, the public and information and resources related to peer review.
Published on October 18, 2017

October 2017 Reviewer Alert

Newsletter Download the October 2017 Reviewer Alert (PDF).
Published on October 18, 2017

Personal Financial Planning & CPA/PFS Webcasts

Webcast Our webcasts give PFP section members and CPA/PFS credential holders the opportunity to learn about timely issues as well as interact with their peers.
Published on October 18, 2017

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