A Closer Look: Lease Accounting Implementation Update
Implementation Status Companies are waking up to the fact that they are less than six quarters away from the effective date of the new lease…
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SEC Announces 2018 Fee Rate Increase of 7.4%
The U.S. Securities and Exchange Commission (SEC) announced that in fiscal year 2018, the fees that public companies and other issuers pay to register their…
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SEC Issues Revenue Recognition Guidance
The SEC has issued two releases and the SEC staff has released a Staff Accounting Bulletin to update interpretive guidance regarding revenue recognition. The first…
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Grant Accounting Improvements Proposed
The Financial Accounting Standards Board (FASB) has proposed improvements designed to clarify and improve the accounting for grants and contributions (received and made), primarily by…
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Revenue Recognition Implementation Guidance Proposed
The AICPA’s Financial Reporting Executive Committee (FinREC) has published three new working drafts. The drafts contain proposed guidance for implementing the requirements of FASB ASU…
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SEC Says Blockchain-Based Offerings Are Securities
The SEC issued a new report (Report of Investigation) cautioning market participants that offers and sales of digital assets by “virtual” organizations are subject to…
read moreAICPA Issues New TQAs on Other Reporting Issues
The American Institute of Certified Public Accountants (AICPA) has released new Technical Questions and Answers guidance under Section 9160, Other Reporting Issues, as follows: Section…
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Are Quality Audits Possible?
Quality Audits are possible. When you have good audit workflow habits combined with future-ready technology that will enhance those good habits the end-result will be…
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EU Group Publishes Recommendations on Financing a Sustainable Economy
The High-Level Expert Group on Sustainable Finance, established by the European Commission in January 2017, published its interim report, Financing a Sustainable European Economy. The…
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A Closer Look: Blockchain Primer
“Blockchain” is in the news – and it’s coming to our industry. The promises and potential benefits are significant. So are the challenges. Accounting and audit…
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