CPAs

The Journal of Accountancy has published guidance for CPAs working in audit and finance on going concern assessments, the evaluation of whether a company can continue operating for the foreseeable future. The piece outlines what auditors and finance professionals should understand about the relevant standards, red flags, and disclosure requirements when a client's ability to continue as a going concern is in doubt.

The Journal of Accountancy has published a new checklist designed to help certified public accountants manage cybersecurity risks linked to artificial intelligence. The guidance gives CPAs a practical framework for identifying and addressing AI-related threats in their firms and client work, as adoption of AI tools raises new security questions across the accounting profession.