Insights That Drive Action

Our Audit & Attest Insights keep you informed of the latest news in accounting, audit, tax and advisory.

CBIZ CPAs Supports PCAOB’s Targeted QC 1000 Amendments to Advance Audit QualityFeatured

Article

CBIZ CPAs Supports PCAOB’s Targeted QC 1000 Amendments to Advance Audit Quality
Employee Benefit Plan Audit Checklist
Article
May 17, 2024
Employee Benefit Plan Audit Checklist
    May 17, 2024
    Employee Benefit Plan Audit Checklist

    Streamline your organization’s annual EBP audit. Our employee benefit plan audit checklist is your key to a hassle-free audit experience. Learn more now.
      Employee Benefit Plan Audit Changes in SECURE 2.0 ACT
      Article
      May 14, 2024
      Employee Benefit Plan Audit Changes in SECURE 2.0 ACT
        May 14, 2024
        Employee Benefit Plan Audit Changes in SECURE 2.0 ACT

        Navigate the latest Employee Benefit Plan Audit Changes in SECURE 2.0 ACT, crucial for adapting to new retirement plan regulations effectively.
          2024 Uniform Guidance Changes: Requirements for Single Audits
          Article
          April 23, 2024
          2024 Uniform Guidance Changes: Requirements for Single Audits
            April 23, 2024
            2024 Uniform Guidance Changes: Requirements for Single Audits

            The Uniform Guidance will now be referred to as the OMB Guidance for Federal Financial Assistance.
              FASB Clarifies Accounting for Profits Interest Awards
              Article
              April 01, 2024
              FASB Clarifies Accounting for Profits Interest Awards
                April 01, 2024
                FASB Clarifies Accounting for Profits Interest Awards

                The Financial Accounting Standards Board (FASB) has released Accounting Standards Update (ASU) No. 2024-01, Scope Application of Profits Interest and Similar Awards.
                  Improving Oversight: DOL Report Highlights Deficiencies in Employee Benefit Plan Audits
                  Article
                  February 20, 2024
                  Improving Oversight: DOL Report Highlights Deficiencies in Employee Benefit Plan Audits
                    February 20, 2024
                    Improving Oversight: DOL Report Highlights Deficiencies in Employee Benefit Plan Audits

                    In a recent report released by the U.S. Department of Labor (DOL), a spotlight has been cast on the current state of employee benefit plan (EBP) financial statement audits.
                      FASB Enhances Income Tax Disclosures with New Standard
                      Article
                      January 11, 2024
                      FASB Enhances Income Tax Disclosures with New Standard
                        January 11, 2024
                        FASB Enhances Income Tax Disclosures with New Standard

                        The Financial Accounting Standards Board (FASB) has released an Accounting Standards Update (ASU) aimed at improving the transparency of income tax disclosures in response to investor demands for more detailed and useful tax information from companies.
                          FASB Issues Standard 2023-05 to Improve Accounting for Joint Venture Formations
                          Article
                          December 31, 2023
                          FASB Issues Standard 2023-05 to Improve Accounting for Joint Venture Formations
                            December 31, 2023
                            FASB Issues Standard 2023-05 to Improve Accounting for Joint Venture Formations

                            On August 23, 2023, the Financial Accounting Standards Board (FASB) issued Business Combinations – Joint Venture Formations (Subtopic 805-60) to address joint venture formations with respect to business combinations.
                              Roadmap to Estimating Credit Losses
                              Article
                              December 20, 2023
                              Roadmap to Estimating Credit Losses
                                December 20, 2023
                                Roadmap to Estimating Credit Losses

                                This article explores a roadmap to estimating expected credit losses under the CECL framework and provides a step-by-step guide.
                                  FASB Introduces New Standard for Crypto Asset Accounting and Disclosure
                                  Article
                                  December 20, 2023
                                  FASB Introduces New Standard for Crypto Asset Accounting and Disclosure
                                    December 20, 2023
                                    FASB Introduces New Standard for Crypto Asset Accounting and Disclosure

                                    In a move to enhance the transparency and accuracy of financial reporting for crypto assets, the Financial Accounting Standards Board (FASB) has announced the release of an updated Accounting Standards Update (ASU).
                                      Decoding CECL: Here Are Key Concepts You Need to Know
                                      Article
                                      November 08, 2023
                                      Decoding CECL: Here Are Key Concepts You Need to Know
                                        November 08, 2023
                                        Decoding CECL: Here Are Key Concepts You Need to Know

                                        This article represents the first installment in a series examining the intricacies of the Current Expected Credit Loss (CECL) standard.
                                          Important Changes Affecting Entities With Federally Funded Programs Subject to a Single Audit
                                          Article
                                          September 14, 2023
                                          Important Changes Affecting Entities With Federally Funded Programs Subject to a Single Audit
                                            September 14, 2023
                                            Important Changes Affecting Entities With Federally Funded Programs Subject to a Single Audit

                                            The U.S. OMB issued the 2023 Compliance Supplement with two important changes. Learn how this affects entities with federally funded programs

                                              Property Improvement Analysis for Building Owners
                                              Article
                                              September 11, 2023
                                              Property Improvement Analysis for Building Owners
                                                September 11, 2023
                                                Property Improvement Analysis for Building Owners

                                                With 100% bonus depreciation phasing out in 2023, taxpayers are reminded of the benefits of Tangible Property Regulations.
                                                  Accounting for Fair Value Amidst Uncertainty: Triggering Events & Other Impairment Updates
                                                  Article
                                                  May 09, 2023
                                                  Accounting for Fair Value Amidst Uncertainty: Triggering Events & Other Impairment Updates
                                                    May 09, 2023
                                                    Accounting for Fair Value Amidst Uncertainty: Triggering Events & Other Impairment Updates

                                                    Today’s economy is marked by volatility, and recessionary potential continues to bloom; this mix of indicators necessitates a focus on accounting for asset impairment.
                                                      ASU 2023-02 Expands Applicability of Guidance on Investments in Tax Credit Structures
                                                      Article
                                                      April 11, 2023
                                                      ASU 2023-02 Expands Applicability of Guidance on Investments in Tax Credit Structures
                                                        April 11, 2023
                                                        ASU 2023-02 Expands Applicability of Guidance on Investments in Tax Credit Structures

                                                        On March 29, 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-02.
                                                          Why You Need a Data Warehouse: What It Is and How Can It Help
                                                          Article
                                                          February 27, 2023
                                                          Why You Need a Data Warehouse: What It Is and How Can It Help
                                                            February 27, 2023
                                                            Why You Need a Data Warehouse: What It Is and How Can It Help

                                                            How can business leaders distill meaning from the data flooding their organizations, sharpening information gleaned from across the company into informed strategy?