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MNCPA PERSPECTIVES

About the Author

Faye Hayhurst, CPA

Faye Hayhurst is the MNCPA director of finance and administration. She is committed to using numbers to tell relevant stories, although she also employs words, charts and occasionally clothing to communicate a message. While some have questioned her about the pressures of being the CPA for the MNCPA, Faye considers presenting financial information to fellow CPAs a dream job. Outside of storytelling with numbers, Faye enjoys directing her church's handbell choir, visiting national parks and other scenic places, and checking out the chocolate products at Trader Joe's. Faye can be reached at 952-885-5540 or fhayhurst@mncpa.org.

QM standards: It’s not too late to make sure you’re on time
June 3, 2024  |  By Faye Hayhurst, CPA
A gentle reminder: Dec. 15, 2025, will be here before you know it... Read more
AICPA Peer Review Conference takeaways No. 2
September 27, 2023  |  By Faye Hayhurst, CPA
Part two of tips and resources gained from the AICPA's 2023 Peer Review Conference.  Read more
Peer review conference takeaways No. 1
August 23, 2023  |  By Faye Hayhurst, CPA
So much vital information was conveyed during the recent three-day 2023 AICPA Peer Review Conference, starting with the optional sessions related to engagements performed... Read more
Is GAAP becoming less ‘generally accepted?’
August 18, 2023  |  By Faye Hayhurst, CPA
Any new standard that is finally issued by FASB becomes a part of GAAP. But something has happened in the past few years... Read more
Peer Review Conference takeaways part No. 4: General peer review information
October 31, 2022  |  By Faye Hayhurst, CPA
The AICPA’s annual Peer Review Conference provides training and updates for peer reviewers. But there is also a ton of overall technical information... Read more
Peer Review Conference takeaways part No. 3: Engagements under Government Auditing Standards
October 14, 2022  |  By Faye Hayhurst, CPA
This post shares highlights from the half-day workshop at the AICPA’s recent peer review conference related to the performance of engagements under Government Auditing Standards... Read more
Peer Review Conference takeaways part No 2: Audits of employee benefit plans
September 20, 2022  |  By Faye Hayhurst, CPA
This year more than ever, I have an appreciation for the CPAs who perform these types of engagements... Read more
AICPA Peer Review Conference takeaways part No. 1: New Standards
September 7, 2022  |  By Faye Hayhurst, CPA
There was much to be learned from the AICPA’s annual Peer Review Conference held in August... Read more
SQMS: First steps to implementing the new quality management standards
August 17, 2022  |  By Faye Hayhurst, CPA
The quality management (QM) standards approved in May by the AICPA Auditing Standards Board are big news for every firm that performs engagements under SASs, SSAEs, or SSARS... Read more
Auditing Standards Board approves significant changes in firm quality standards
May 13, 2022  |  By Faye Hayhurst, CPA
One of the most talked about standards proposals in recent memory has been finalized. On May 12, 2022, the Auditing Standards Board (ASB) approved the most significant change... Read more
Major audit standard implementation: Are you ready?
October 4, 2021  |  By Faye Hayhurst, CPA
SAS 134–140: If your firm performs audits, they should be top of mind right now. Read more
Is a single audit in your future? It might be closer than you think
May 3, 2021  |  By Faye Hayhurst, CPA
Given the amount of federal grants available for pandemic relief in the past year, entities may find themselves in single audit territory for the first time... Read more