The American Institute of Certified Public Accountants (AICPA) recently hosted its latest A&A Focus webcast, diving into the ethical implications of using artificial intelligence (AI) in audit procedures. The event, part of a monthly series, featured insights from leading experts on accounting, auditing, and assurance.
With the closure of International Financial Reporting Standards (IFRS) Foundation consultation on amendments to its constitution and governance structure – allowing the formation of a new International Sustainability Standards Board (ISSB) – recent days have seen notable responses.
As reported in July, it was great news to hear that the cost of XBRL formatting for small US reporting companies have declined 45% since 2014.
The AICPA study surveyed price data from 1,032 small reporting companies for 2017 services, showing that 68.6% of companies paid $5,500 or less annually for fully outsourcing their XBRL filings.
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