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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AICPA Ethics Division Proposes Revisions to Records Requests Interpretation
The AICPA’s Professional Ethics Executive Committee (PEEC) has issued the Exposure Draft, Proposed Revised Interpretation: Records Requests. The comment deadline is September 30, 2020. Records…
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GASB Postpones Effective Dates of Upcoming Pronouncements
The Governmental Accounting Standards Board (GASB) has issued Statement No. 95, Postponement of the Effective Dates of Certain Authoritative Guidance, as agreed to at the GASB’s meeting…
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AICPA Peer Review Board Grants Six-Month Extension for Peer Reviews
The AICPA’s Peer Review Board (PRB) met by conference call on Thursday, May 7, 2020 and approved a six month extension for 2020 peer reviews,…
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GASB Proposes Delaying Effective Dates of Certain Pronouncements
The Governmental Accounting Standards Board (GASB) has issued the Exposure Draft, Postponement of the Effective Dates of Certain Authoritative Guidance. This exposure draft proposes postponement…
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IASB to Propose Amendments to IFRS 16
The International Accounting Standards Board (IASB) held a supplementary meeting on April 17, 2020, to discuss COVID-19 related matters. At that meeting, the IASB decided…
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FASB Proposes Delay for Leases and Revenue Recognition
The FASB issues a proposed Accounting Standards Update (ASU) that grants a one-year effective date delay for certain stakeholders applying the leases and revenue recognition…
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