Thought Leadership
Accounting Firms, Companies, Guidebooks
Focused on the PCAOB—from registration to remediation—this edition of The Captain’s Log is part of our ongoing series of strategic guides helping firms and companies navigate complex and consequential challenges with clarity, candor, and confidence. Welcome Aboard Over the years, we’ve fielded hundreds of questions about the PCAOB — in training sessions, inspection prep calls,...
Companies, Accounting Firms, Guidebooks
Focused on AI and automation—this edition of The Captain’s Log is part of our ongoing series of strategic guides helping firms and companies navigate complex and consequential challenges with clarity, candor, and confidence. Welcome Aboard As technology reshapes the accounting profession, firms are exploring new tools that promise efficiency, accuracy, and insight. But evaluating those...
Accounting Firms, Companies, Guidebooks
Focused on quality management—specifically the implementation of SQMS No. 1, SQMS No. 2, and PCAOB QC 1000—this edition of The Captain’s Log is part of our ongoing series of strategic guides helping firms and companies navigate complex and consequential challenges with clarity, candor, and confidence. Welcome Aboard Over the past few years, we’ve supported firms...
Accounting Firms, Five Points
The PCAOB’s Quality Control standard, QC 1000, was originally set to take effect on December 15, 2025. On August 28, 2025, the Board announced a one year deferral, pushing the effective date to December 15, 2026. Importantly, the text of QC 1000 remains unchanged, and early adoption is still permitted. With the AICPA’s SQMS standards...
Accounting Firms, Companies, Guidebooks
Focused on the PCAOB—from registration to remediation—this edition of The Captain’s Log is part of our ongoing series of strategic guides helping firms and companies navigate complex and consequential challenges with clarity, candor, and confidence. Welcome Aboard Over the years, we’ve fielded hundreds of questions about the PCAOB — in training sessions, inspection prep calls,...
Companies, Accounting Firms, Guidebooks
Focused on AI and automation—this edition of The Captain’s Log is part of our ongoing series of strategic guides helping firms and companies navigate complex and consequential challenges with clarity, candor, and confidence. Welcome Aboard As technology reshapes the accounting profession, firms are exploring new tools that promise efficiency, accuracy, and insight. But evaluating those...
Accounting Firms, Companies, Guidebooks
Focused on quality management—specifically the implementation of SQMS No. 1, SQMS No. 2, and PCAOB QC 1000—this edition of The Captain’s Log is part of our ongoing series of strategic guides helping firms and companies navigate complex and consequential challenges with clarity, candor, and confidence. Welcome Aboard Over the past few years, we’ve supported firms...
Accounting Firms, Five Points
The Public Company Accounting Oversight Board (PCAOB) finalized new rules that will require audit firms to report a range of firm- and engagement-level metrics, marking a significant shift in how audit quality is measured and reported. These changes aim to enhance transparency in the audit process, giving investors, audit committees, and the public more insight...
Accounting Firms, Five Points
With Donald J. Trump set to return to the presidency in January 2025, the regulatory landscape for audit firms may be significantly reshaped. Trump’s administration is expected to follow through on its deregulatory agenda, impacting the SEC, PCAOB, and the broader audit industry. Here are five key points for CPA firms to consider as this...
Accounting Firms, Five Points
The AICPA’s Statement on Auditing Standards (SAS) No. 146 brings a significant shift in quality management practices for individual audit engagements. Like SQMS No. 1, which establishes quality management at the firm level, SAS 146 applies these standards directly to each engagement, strengthening the integrity and reliability of audits. With an effective date for periods...
Accounting Firms, Companies, Five Points
The American Institute of Certified Public Accountants (AICPA) is set to embark on a new journey with the announcement of Mark Koziel as its incoming president. Currently serving as the CEO of Allinial Global, Koziel’s leadership promises to address pressing issues within the accounting profession. Here are five key points to consider regarding Koziel’s vision...
Accounting Firms, Five Points
The AICPA’s new System of Quality Management Standards (SQMS) No. 2 is set to transform engagement quality reviews (EQRs) within CPA firms. With a compliance deadline for audits or reviews with periods beginning on or after December 15, 2025, it is crucial for firms to understand the implications of these changes. Here are five key...
Accounting Firms, Five Points
The PCAOB’s Quality Control standard, QC 1000, was originally set to take effect on December 15, 2025. On August 28, 2025, the Board announced a one year deferral, pushing the effective date to December 15, 2026. Importantly, the text of QC 1000 remains unchanged, and early adoption is still permitted. With the AICPA’s SQMS standards...
Accounting Firms, Companies, Guidebooks
Focused on the PCAOB—from registration to remediation—this edition of The Captain’s Log is part of our ongoing series of strategic guides helping firms and companies navigate complex and consequential challenges with clarity, candor, and confidence. Welcome Aboard Over the years, we’ve fielded hundreds of questions about the PCAOB — in training sessions, inspection prep calls,...
Companies, Accounting Firms, Guidebooks
Focused on AI and automation—this edition of The Captain’s Log is part of our ongoing series of strategic guides helping firms and companies navigate complex and consequential challenges with clarity, candor, and confidence. Welcome Aboard As technology reshapes the accounting profession, firms are exploring new tools that promise efficiency, accuracy, and insight. But evaluating those...
Accounting Firms, Companies, Guidebooks
Focused on quality management—specifically the implementation of SQMS No. 1, SQMS No. 2, and PCAOB QC 1000—this edition of The Captain’s Log is part of our ongoing series of strategic guides helping firms and companies navigate complex and consequential challenges with clarity, candor, and confidence. Welcome Aboard Over the past few years, we’ve supported firms...
Accounting Firms, Five Points
The Public Company Accounting Oversight Board (PCAOB) finalized new rules that will require audit firms to report a range of firm- and engagement-level metrics, marking a significant shift in how audit quality is measured and reported. These changes aim to enhance transparency in the audit process, giving investors, audit committees, and the public more insight...
Accounting Firms, Five Points
With Donald J. Trump set to return to the presidency in January 2025, the regulatory landscape for audit firms may be significantly reshaped. Trump’s administration is expected to follow through on its deregulatory agenda, impacting the SEC, PCAOB, and the broader audit industry. Here are five key points for CPA firms to consider as this...
