Tax & Accounting Blog
Tax & Accounting Blog
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The International Accounting Standards Board (IASB) has released the document, IFRS 9 and COVID-19—Accounting for Expected Credit Losses Applying IFRS 9 Financial Instruments in the…
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The CARES Act (the “Act”) provides temporary relief from FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments —Credit Losses (Topic 326): Measurement of Credit…
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In view of the disruption caused by the COVID-19 pandemic, the Governmental Accounting Standards Board (GASB) has announced that it has added a project to…
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Effective audit teams Working from home presents some new challenges for effective audit teams. Thankfully, CCH® ProSystem fx® Engagement was designed for working from anywhere…
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The Public Company Accounting Oversight Board (PCAOB) provided an update on its inspections activities in light of the evolving COVID-19 crisis. The PCAOB noted that…
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My colleague and her daughter are sharing a home office these days. Lest we forget, COVID-19 has turned more than one aspect of our lives…
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Going backward is only cool in auditing if you can go back to completed engagements for peer review and know that you have avoided all…
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Opportunities for Audit in a Changing Landscape Most experts agree that external audits will continue, in some shape or form. Additionally, they also agree that…
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The SEC adopted amendments to the “accelerated filer” and “large accelerated filer” definitions. The SEC indicated that the amendments will “more appropriately tailor the types…
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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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