Splendid Business News

AICPA proposes changes in quality management standards By  Michael Cohn February 05, 2021, 5:15 p.m. EST The American Institute of CPAs is proposing to revise its quality management standards to take a more risk-based approach targeted at the types of engagements performed by the CPA firm. The AICPA’s Auditing Standards Board issued an exposure draft Thursday of a set of three interrelated proposed standards to address how CPA firms should manage the quality of their accounting and auditing practices. The AICPA said the changes would improve the scalability of the standards and promote a

Supreme Court denies Fitch motion to halt education lawsuit over Jim Crow-era language School buses are parked near Neshoba County Central Middle School during the school's first day of class, Wednesday, August 5, 2020. Credit: Eric J. Shelton/Mississippi Today The U.S. Supreme Court has refused to act on Attorney General Lynn Fitch’s motion to pause a lawsuit filed on behalf of African American parents saying the state violated federal law by spending less on majority-Black schools than majority-white ones. Will Bardwell, an attorney for the Southern Poverty Law Center, which filed the lawsuit

"(Delisting) is going to happen. Congress enacted legislation last year, and we see no probable scenario in which it repeals this law," Seiberg said, noting it's unlikely Beijing will allow the U.S. to inspect audits. "This will likely force these Chinese firms to trade in Hong Kong." In December, Trump signed a law stating that foreign companies cannot be listed on a U.S. exchange if they do not comply for three straight years with audits from the U.S. Public Accounting Oversight Board. The board's website lists roughly 300 instances of denied inspections , with the overwhelming majority

Market Segment by Type, covers:Air Heating SensorsWater Heating SensorsMarket Segment by Applications, can be divided into:Heating, Ventilation, and Air Conditioning (HVAC)Machinery and Plant EngineeringMarine and ShipbuildingAerospaceFood and Beverages/Chemical and Petrochemical Global Air and Water Heating Sensor Market by Geography: • Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)• Europe (Turkey, Germany, Russia UK, Italy, France, etc.)• North America (the United States, Mexico, and Canada.)• South America (Brazil etc.)• The

Nowadays, you don’t run into the term as much, and there’s good reason for that. The downsizing craze has morphed into a larger, more philosophical trend called either simplification or decluttering. The concept behind this newer version of minimalism is to remove both physical and mental baggage from your life in order to be happier. For many people, the process seems to pay off in the ability to save more money, reduce stress levels, improve physical health, and more. No matter your age, if you have the urge to simplify things and eliminate all the complexities that can stand in the way

3D International Haulage invests in TruTac’s TruFleet module Multi-temperature specialist 3D International Haulage has added TruTac’s TruFleet module to its existing management system. It includes the ability to review vehicle histories, maintenance records, safety inspections, defect reporting, rectifications and audit checks, while the operator claims it has improved general management, efficiency and compliance, specifically with respect to O-licences.  “We have 70 trucks on the system,” said senior transport manager Martin Rybka, “and having all relevant driver, tachograph and fleet i

Many serious concerns have hung over the supply chains of global corporations for decades, ranging from human rights issues to lack of transparency about sourcing and other matters. In the jewelry industry, the issues have ranged from unsafe mining practices and child labor to money laundering through the supply chains themselves.  The rise of conscious consumers has altered how brands compete, and ethical supply chains have become a source of competitive advantage as brands leverage prestigious certifications such as B Corp status to closely align themselves with mindful consumers who value sustainability, transparency and

Do many clients now have more disposable income than ever?  Research from private-equity firms shows that credit-card charges in 2020 were down 14%. Meanwhile, high-end luxury clients have seen their investments increase in value as stock markets surged to all-time highs. The traveler’s balance sheet is in the best shape ever.  Are people eager to get on the road, then? Our avid travelers are calling their current planning “revenge travel.”  These clients are sending us an 18-month travel plan and have already booked their trips for 2021. Currently our summer bookings are on par to 2019 numbers. The big difference, though, is that 80% of travel

New IAASB standards tackle audit quality management The International Auditing and Assurance Standards Board (IAASB) has issued a trio of new and revised standards intended to strengthen and modernize the way audit firms on an international level approach quality management. The quality management standards, which the IAASB said “mark a significant evolution of the existing quality control standards,” replace the current International Standard on Quality Control 1 and International Standard on Auditing 220 (ISA 220). The new standards are effective Dec. 15, 2022. “These standards will drive the

A Search For Common Ground: A Worthwhile Conversation About Education The conversation around public education and education reform has, for the past few decades, been rather hollery. A new book, A Search for Common Ground: Conversations About the Toughest Questions in K-12 Education , attempts to address the same old issues in a less strident and yell-filled manner, presenting instead a thoughtful conversation between Rick Hess and Pedro Noguera, who represents two sides of the many-sided ongoing debate. Conversations of this sort have been attempted before. Years ago, education scholar