Can you rely on your audit tool?
Is your software & content reliable? Quality is foundational in everything we need to do as a CPA to be the trusted advisor for clients. …
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AICPA Proposes Amendments to Incorporate Recent Auditor Reporting Changes
The AICPA has issued the Exposure Draft, Proposed Statement on Auditing Standards: Amendments to AU-C Sections 800, 805, and 810 to Incorporate Auditor Reporting Changes…
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AICPA Proposes New SAS on Auditing Accounting Estimates
The AICPA’s Auditing Standards Board (ASB) has issued the Exposure Draft, Proposed Statement on Auditing Standards: Auditing Accounting Estimates and Related Disclosures. The comment deadline…
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FASB Proposes ASU on Long-Duration Contracts
Proposal The FASB proposed an ASU on long-duration contracts today. The FASB issues proposed Accounting Standards Update (ASU) that would grant all insurance companies that issue…
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GASB Releases Implementation Guide on Accounting for Leases
The Governmental Accounting Standards Board (GASB) has issued Implementation Guide No. 2019-3, Leases. Implementation Guide No. 2019-3 contains questions and answers about GASB Statement No. 87, Leases,…
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2019 Public Entities Updated
Who’s ready for 2019 Public Entity Audits? It’s that time of year again. Time to check out the updates and enhancements to 2019 Knowledge-Based Audit…
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SEC Proposes to Modernize Disclosures Under Regulation S-K
The SEC proposed amendments to modernize the description of business (Item 101), legal proceedings (Item 103), and risk factor disclosures (Item 105) that registrants are…
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FASB Proposes to Improve Guidance on Distinguishing Liabilities from Equity
The FASB has issued an exposure draft proposing to improve guidance on distinguishing liabilities from equity, including convertible instruments. Stakeholders are asked to review and provide…
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Come and reimagine your audit practice
Investing in learning opportunities is a necessity when it comes to increasing your knowledge and advancing your career. That investment involves time, money or both…
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FASB Votes to Defer the Effective Dates for Recent Accounting Standards
The FASB voted to defer the effective date for several of its recent accounting standards. The FASB voted to adopt a two-bucket approach to stagger…
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