Latest news with #QC1000
Yahoo
12-06-2025
- Business
- Yahoo
FinReg and CPA.com's alliance targets US
FinReg Global Solutions and have partnered to launch QMCore platform in the US, targeting a market of 18,000 audit and accounting companies. FinReg is an Irish innovator in RegTech, while is the business and technology arm of the American Institute of Certified Public Accountants (AICPA). QMCore is a quality management platform specifically designed for audit firms. This collaboration signifies a notable achievement for FinReg, providing access to a vast market comprising more than 46,000 accounting and audit firms across the US. FinReg is the first Irish enterprise to attain Preferred Partner status with QMCore aims to support audit firms in adapting to changing regulatory requirements, including SQMS No. 1 and QC 1000. Created in Dublin, this adaptable, cloud-based solution streamlines compliance processes and boosts operational efficiency for its clients. The platform delivers a unified system for conducting risk assessments, delegating responsibilities, and maintaining thorough audit trails. This capability is intended to alleviate the administrative challenges that audit firms encounter in their compliance activities. Through Preferred Partner Programme, QMCore will be accessible to a network of 18,000 firms. Established in 2017, FinReg is located in Sandyford Industrial Estate, Dublin, and caters to various sectors, including professional services and healthcare. FinReg Global CEO David Butler said: 'We are delighted with this long-term strategic partnership and it is a great outcome for us to have QMCore recognised as the preferred provider of a quality solution for an organisation such as 'The partnership reflects our commitment to delivering compliance-driven innovation that empowers firms to meet the demands of modern regulation.' "FinReg and alliance targets US" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
12-06-2025
- Business
- Yahoo
FinReg and CPA.com's alliance targets US
FinReg Global Solutions and have partnered to launch QMCore platform in the US, targeting a market of 18,000 audit and accounting companies. FinReg is an Irish innovator in RegTech, while is the business and technology arm of the American Institute of Certified Public Accountants (AICPA). QMCore is a quality management platform specifically designed for audit firms. This collaboration signifies a notable achievement for FinReg, providing access to a vast market comprising more than 46,000 accounting and audit firms across the US. FinReg is the first Irish enterprise to attain Preferred Partner status with QMCore aims to support audit firms in adapting to changing regulatory requirements, including SQMS No. 1 and QC 1000. Created in Dublin, this adaptable, cloud-based solution streamlines compliance processes and boosts operational efficiency for its clients. The platform delivers a unified system for conducting risk assessments, delegating responsibilities, and maintaining thorough audit trails. This capability is intended to alleviate the administrative challenges that audit firms encounter in their compliance activities. Through Preferred Partner Programme, QMCore will be accessible to a network of 18,000 firms. Established in 2017, FinReg is located in Sandyford Industrial Estate, Dublin, and caters to various sectors, including professional services and healthcare. FinReg Global CEO David Butler said: 'We are delighted with this long-term strategic partnership and it is a great outcome for us to have QMCore recognised as the preferred provider of a quality solution for an organisation such as 'The partnership reflects our commitment to delivering compliance-driven innovation that empowers firms to meet the demands of modern regulation.' "FinReg and alliance targets US" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
RTÉ News
10-06-2025
- Business
- RTÉ News
FinReg announces strategic partnership with CPA.com in the US
FinReg Global Solutions has announced a strategic partnership with the business and technology arm of the American Institute of Certified Public Accountants (AICPA). The software solutions company and innovator in RegTech said it aims to deliver QMCore, a powerful new quality management platform designed to help audit firms meet evolving regulatory standards. Founded in 2017, FinReg is headquartered in Sandyford Industrial Estate in Dublin. The announcement marks a major achievement for FinReg. The AICPA is one of the largest professional accounting organisations in the United States, representing a market of over 46,000 accounting and audit firms with the new partnership giving FinReg immediate access to 18,000 of these firms. FinReg said is also the first Irish company to achieve Preferred Partner status with QMCore was developed in Dublin and is a scalable, cloud-based solution that simplifies compliance with new quality management standards such as SQMS No. 1 and QC 1000. It provides firms with a centralised system to manage risk assessment, assign responsibilities, and maintain a complete audit trail, while reducing administrative burden. David Butler, CEO of FinReg Global, said: "We are delighted with this long-term strategic partnership and it is a great outcome for us to have QMCore recognised as the preferred provider of a quality solution for an organisation such as The partnership reflects our commitment to delivering compliance-driven innovation that empowers firms to meet the demands of modern regulation." The partnership marks a significant milestone for FinReg, positioning the Irish company at the forefront of global audit transformation.
Yahoo
23-05-2025
- Business
- Yahoo
PCAOB issues guidance on accounting estimates
The Public Company Accounting Oversight Board (PCAOB) has released a new resource publication titled 'Audit Focus: Auditing Accounting Estimates,' to assist smaller audit firms in tackling accounting estimates. The guidance is designed to provide auditors, particularly those working with smaller public companies, with essential reminders and practices for handling accounting estimates, a challenging component of financial statements. Accounting estimates, which include impairments of long-lived assets and allowances for credit losses, are prevalent in financial statements and can significantly impact a company's financial position and operational results. These estimates often involve subjective assumptions and measurement uncertainty, making them prone to management bias and complex processes, thus posing significant audit risks. The PCAOB's inspection staff has identified ongoing deficiencies in auditors' testing of accounting estimates. These include failures to identify significant assumptions used by companies in determining accounting estimates. The "Audit Focus" edition offers key reminders from PCAOB standards, insights into common deficiencies, and good practices from audit firms handling smaller companies. Previous "Audit Focus" editions have addressed topics such as journal entries, audit committee communications, and critical audit matters. Earlier in May 2025, the PCAOB released new staff presentation videos to assist firms in implementing four key areas of their quality control (QC) system under QC 1000, A Firm's System of Quality Control. These presentations are part of the PCAOB's ongoing efforts to support firms in complying with board standards. Led by the PCAOB's office of the chief auditor, the videos cover roles and responsibilities, ethics and independence, people resources, and technological and intellectual resources, addressing specific requirements for designing, implementing, and operating QC systems. Recently, the PCAOB established a formal protocol agreement with the Slovak Republic's Auditing Oversight Authority. The agreement seeks to strengthen collaboration in overseeing auditors and public accounting firms across both regions. "PCAOB issues guidance on accounting estimates " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-05-2025
- Business
- Yahoo
PCAOB releases content to aid firms implement QC 1000 standards
USA's Public Company Accounting Oversight Board (PCAOB) has released a new series of staff presentation videos to assist firms in implementing four key areas of their quality control (QC) system under QC 1000, A Firm's System of Quality Control. These presentations are part of ongoing efforts to support firms in adhering to the board's standards. Led by the PCAOB's office of the chief auditor, the videos focus on roles and responsibilities, ethics and independence, people resources, and technological and intellectual resources. Each topic addresses specific requirements and responsibilities for firms in designing, implementing, and operating their QC systems. In its statement, PCAOB said firms can access additional implementation-related videos, resources, and tools on the Implementation Resources for PCAOB Standards and Rules page. In a separate development, PCAOB formalised a statement of protocol with the Auditing Oversight Authority of the Slovak Republic (UDVA) on 5 May 2025. The agreement aims to enhance cooperation in supervising auditors and public accounting firms within both jurisdictions. The PCAOB, established by Congress, oversees audits of public companies to protect investors and ensure the preparation of informative, accurate, and independent audit reports. It also supervises audits of brokers and dealers, including compliance reports under federal securities laws. These initiatives come amid a proposal by Republican legislators to reportedly dissolve the PCAOB. The proposal is part of a larger federal budget bill that also seeks to reduce funding for the Consumer Financial Protection Bureau. Recent changes in White House leadership have influenced PCAOB's management, reflecting ongoing political dynamics. Critics argue that the PCAOB imposes unnecessary costs and duplicates the functions of the Securities and Exchange Commission. "PCAOB releases content to aid firms implement QC 1000 standards " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
