Earlier this month, the PCAOB released annual inspection reports for the Big Four accounting firms and eight other firms. The reports revealed deficiencies in 52…
The FASB has issued Accounting Standards Update (ASU) No. 2021-02, Franchisors—Revenue from Contracts with Customers (Subtopic 952-606): Practical Expedient, that provides a practical expedient that…
Peer review can be a stressful experience for some firms. However, it is also an important way that the profession identifies problems and provides firms…
The FASB proposes alternative to the goodwill triggering event assessment in a proposed Accounting Standards Update (ASU). This proposed ASU intends to reduce the complexity…
The FASB proposes improvements in a proposed Accounting Standards Update (ASU) intended to address inconsistency and diversity in practice related to the accounting for revenue…
The IASB proposes amendments to IFRS 16 Leases by specifying how a company measures the lease liability in a sale and leaseback transaction. Sale and leaseback transactions…
If your firm performs review-engagements, there have been important changes issued by the AICPA. Specifically, the Accounting and Review Services Committee recently published SSARS No.…
New titles help auditors ensure higher-quality audits Today, Wolters Kluwer Tax & Accounting announced the addition of new Knowledge-based Titles to its CCH Axcess™ Knowledge…