Entries by Cheryl

NJ CPA Magazine – Salvatore Collemi – Nine Strategies To Increase Audit Quality

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In today’s challenging economic environment, external auditors — from sole proprietors to the largest international CPA firms — are under a microscope to ensure they are achieving high-quality auditing of financial reporting. CPA firms have recently been in the crossfire of negative results reported by standard setters and regulatory agencies. So how can you ensure […]

Art of Accounting: Withum Dress Code

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By Edward Mendlowitz February 27 2017 WithumSmith+Brown, PC has rolled out a “Dress for Your Day” policy with a manual illustrating the different ways staff can dress depending upon what they are doing that day. The 12-page manual shows 10 staffers in various poses and pretty much elevates comfort over a traditional look. Withum is […]

AICPA Changes Going Concern Audit Standard | Accounting Today

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By Michael Cohn Published February 22 2017 The American Institute of CPAs’ Auditing Standards Board has revised its standard for going concern opinions. The new standard, Statement on Auditing Standards No. 132, The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern (AICPA, Professional Standards, AU-C sec. 570), supersedes SAS No. 126 […]

Salvatore Collemi – The Future of Auditing | CPA Journal

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February 2017 The Future of Auditing A Roundtable Discussion Scott Marcello, Thomas Ray, Doug Carmichael, Jim Peterson, Sridhar Ramamoorti, Salvatore Collemi, and Bruce Nearon In Brief Technology has transformed the way that businesses operate. The auditing profession is no exception. The SEC’s recently released statistics for fiscal year 2016 showed that it filed 868 enforcement […]

Art of Accounting: Becoming an Expert Generalist

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By Edward Mendlowitz Published January 23 2017, 2:16pm EST   This is a follow-up to my previous column, where I suggested larger firms have a specialization as a generalist. This will illustrate some ways of accomplishing that. A generalist has to be knowledgeable in most areas, but possibly expert in none. A generalist should be […]