How Audit Technology Helps Firms Adapt in 2020
Undoubtedly, 2020 has been a challenging year. First, clients had to quickly adapt to pandemic lockdowns and a remote workforce. Next, they had to deal…
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Audit of Commercial Entities
This blog is about the 2020 Commercial Entities title, and it is important for two reasons. First, this new title includes updates and enhancements that…
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IAASB Updates Pandemic Response
The International Auditing and Assurance Standard Board (IAASB) has provided an update on its COVID-19 response. It noted that the COVID-19 pandemic continues to disrupt…
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AICPA Releases New Evidence Standard
The Auditing Standards Board (ASB) of the AICPA has issued its new evidence standard, Statement on Auditing Standards No. (SAS) 142, Audit Evidence. The SAS modernizes private…
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AICPA Accounting Guidance for PPP Lenders
The AICPA and its Depository Institutions Expert Panel (DIEP) has released several Technical Questions and Answers (TQAs) to help depository institutions, credit unions, credit card…
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GASB Proposes Application Guidance on Cares Act and COVID-19 Assistance
The Governmental Accounting Standards Board (GASB) has released the proposed staff Technical Bulletin, Accounting and Financial Reporting Issues Related to the Coronavirus Aid, Relief, and…
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Focus on Efficiency
The Three “C’s” Over the past few months firms have adjusted to a new way of doing business. With offices closed, we have learned to…
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FASB Approves New Standards and Proposes Effective Date Delay
FASB approves new standards and a proposes effective date delay. The two upcoming Accounting Standards Updates (ASUs) are: one that improves financial reporting associated with…
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FASB Decides to Extend Effective Date of Revenue Recognition and Leases Standards for Certain Entities
The FASB met on Wednesday, May 20, 2020 and voted to extend the effective date of Topics 606, Revenue from Contracts with Customers, and 842,…
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Audit Talks LIVE – Spring 2020
Amazing Realizations One of the industry’s most highly regarded and anticipated virtual conferences is back! Once again, Audit Talks LIVE – Spring 2020 will bring…
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