Although the COVID-19 pandemic is still raging, business owners have started to turn their minds to what will happen after most of the vaccines have been administered and the world is able to return to some semblance of normality. Ian Khan offers five suggestions to accounting firm leaders to help ensure your firm emerges one of the winners.
New approach to quality management proposed by ASB
A new approach to quality management was ushered in by the AICPA Auditing Standards Board (ASB), which issued an exposure draft of three interrelated proposed standards. The proposed standards are designed to bring important changes to the way firms will manage quality in their accounting and auditing practices.