AICPA Issues New TQAs on Deferred Tax and State and Local Governments
The AICPA has issued new Technical Questions and Answers (TQAs) under new Section 3300, Deferred Taxes, and Section 6950, State and Local Governments. TQA Section…
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Accounting Standard Issued on Income Taxes
FASB issues accounting standard on income taxes. This Accounting Standard Update, (ASU) No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, is…
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AICPA Amends the Description of the Concept of Materiality
The AICPA’s Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 138, Amendments to the Description of the Concept of Materiality, and Statement…
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AICPA Issues SSAE 19 on Agreed-Upon Procedures Engagements
The AICPA’s Auditing Standards Board (ASB) has issued Statement on Standards for Attestation Engagements (SSAE) No. 19, Agreed-Upon Procedures Engagements, to supersede AT-C section 215…
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Learn from colleagues
Many learning techniques are available these days. One example is learning from colleagues. That option is a great way to understand successes – and trials…
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The FASB Delays Certain Effective Dates for Credit Losses, Leases, Hedging, and Long-Duration Insurance Standards
The FASB issued two Accounting Standards Updates (ASUs) that finalize various effective date delays for standards on current expected credit losses (CECL), leases, hedging, and…
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FASB Issues ASU No. 2019-08 to Improve Accounting for Share-Based Payments Made to Customers
The FASB issues ASU No. 2019-08, Compensation—Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606): Codification Improvements—Share-Based Consideration Payable to a Customer,…
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2019 Single Audits
When it comes to audit methodology, the best methodology available is Wolters Kluwer’s Knowledge-Based Audit (KBA) Methodology. Use it and you will: Implement AICPA risk-based…
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Transform Your Audits
Get the Holidays Started with a Gift to Yourself As the holiday season gets into full swing, audit professionals can get a jump on the…
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FASB Amends the Effective Dates for the CECL, Hedging, Leases and Insurance Standards
The FASB amends the effective dates for the CECL, Hedging, Leases and Insurance Standards, as follows, which are consistent with the related proposed ASUs: –…
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