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3 Key Components of a Successful Remote Audit

When it comes time to prepare for an audit, it’s easy to get overwhelmed. With the current COVID-19 health crisis, many auditors are still working remotely, creating an unprecedented need for remote audits. While auditing remotely sounds difficult,...
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DOL Releases Final Overtime Rules

Recently, the Department of Labor (DOL) released a final rule that radically increases the thresholds for overtime rules, expanding the number of employees eligible for overtime pay protection to over 4 million workers within the first year of implem...
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CECL Implementation Gets One-Year Extension

The Financial Accounting Standards Board recently announced that it will move forward with its Current Expected Credit Loss (CECL) standard (an expected loss model), but will push the implementation period back by one year – a huge relief for many ...
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Internal Auditors See Modest Raises

A recent study conducted by the Institute of Internal Auditors (IIA) shows the median salaries for U.S. internal audit positions have decreased despite the modest pay raises received this past year. Surveying 10 internal audit positions, the 2015 int...
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