The FASB proposes an Accounting Standards Update (ASU) intended to improve three areas of the leases standard. Stakeholders are encouraged to review and provide comments…
The AICPA’s Auditing Standards Board (ASB) has issued Statement on Standards for Attestation Engagements (SSAE) No. 21, Direct Examination Engagements. SSAE 21 adds new AT-C…
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…
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…
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…
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…
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…
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…