FASB Issues Codification Improvements to Topic 842, Leases
FASB Issues Improvements to New Leases Standard The FASB has issued Accounting Standards Update (ASU) No. 2018-10, Codification Improvements to Topic 842, Leases. ASU No.…
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GAO Publishes 2018 Revision to the Yellow Book
GAO Yellow Book Revised for 2018 The U.S. Government Accountability Office (GAO) has issued the 2018 revision of Generally Accepted Government Auditing Standards (GAGAS), also…
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FASB Publishes Codification Improvements
FASB Releases ASU No. 2018-09, Codification Improvements The FASB has released Accounting Standards Update (ASU) No. 2018-09, Codification Improvements. ASU 2018-09 affects a wide variety of…
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AICPA Proposes Revisions to Attestation Standards
AICPA Attestation Standards The Auditing Standards Board (ASB) of the AICPA has issued the exposure draft, Proposed Statement on Standards for Attestation Engagements, Revisions to…
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Preps, Comps and Reviews – New Titles Update and Tips to Improve Realization
It does not matter what combination of services your firm provides. When it comes to preps, comps and reviews, as well as audits, the Integrated…
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SEC Expands Smaller Reporting Company Definition; Approves Other Matters
At an open meeting held today, the SEC expanded the definition of a “smaller reporting company.” The SEC also voted on several other issues that are discussed…
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GASB Issues Guidance on Accounting for Interest Cost Incurred Before the End of a Construction Period
GASB Releases Standard on Accounting for Construction Period Interest Costs The Governmental Accounting Standards Board (GASB) has issued a new standard, Statement No. 89, Accounting for…
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FASB Issues ASU on Contributions of Cash and Other Assets for NFPs
FASB Provides Guidance on Contributions for Not-for-Profit Entities The FASB has issued Accounting Standards Update (ASU) No. 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope…
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U.S. Supreme Court Decides Physical Presence Nexus No Longer Required to Collect Sales Tax
U.S. Supreme Court Decides Physical Presence Nexus No Longer Required to Collect Sales Tax Wolters Kluwer Tax & Accounting Suggests Businesses Conduct a Nexus Study…
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FASB Issues ASU to Extend Share-Based Payment Rules to Include Shares Issued to Non-Employees
FASB Extends Share-Based Compensation Standard to Non-Employees The FASB has issued an Accounting Standards Update (ASU) intended to reduce cost and complexity and to improve…
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