Tax & Accounting Blog
Tax & Accounting Blog
The FASB issues guidance in transition away from interbank offered rates. The Accounting Standards Update (ASU) provides temporary optional guidance to ease the potential burden…
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The FASB issues an Accounting Standards Update (ASU) that makes narrow-scope improvements to financial instruments guidance. This includes the current expected credit losses (CECL) standard…
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The American Institute of CPAs (AICPA) Accounting and Review Services Committee (ARSC) has issued SSARS No. 25, Materiality in a Review of Financial Statements and…
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The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU), Not-for-Profit Entities (Topic 958)—Presentation and Disclosures by Not-for-Profit Entities for Contributed…
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The FASB has issued Accounting Standards Update (ASU) No. 2020-02, Financial Instruments—Credit Losses (Topic 326) and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to…
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The Governmental Accounting Standards Board (GASB) has issued new Statement No. 92, Omnibus 2020. Statement 92 includes guidance addressing various accounting and financial reporting issues…
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The SEC proposed for public comment amendments to modernize, simplify, and enhance certain financial disclosure requirements in Regulation S-K. If adopted as proposed, the amendments…
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The International Ethics Standards Board for Accountants® (IESBA®) is proposing significant revisions to its independence standards through the publication of two exposure drafts. The exposure…
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The International Accounting Standards Board (IASB) issued narrow-scope amendments to International Accounting Standards (IAS 1), Presentation of Financial Statements, to clarify how to classify debt…
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Audit efficiency and effectiveness is important. Indeed, today’s auditors are looking for innovative ways to drive results, strengthen relationships and create opportunities. In part, this…
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