FASB Issues Targeted Improvements to Leases Standard
The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) No. 2018-11, Leases (Topic 842): Targeted Improvements. ASU No. 2018-11 provides a new…
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SEC Expands Smaller Reporting Company Definition; Approves Other Matters
At an open meeting held today, the SEC expanded the definition of a “smaller reporting company.” The SEC also voted on several other issues that are discussed…
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Corporate Tax Department Paperless Trends
Even though corporate tax departments have just finished another tax filing deadline. Some teams find they are now in the middle of a tax compliance audit. So, instead of focusing…
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Top Seven Fixed Assets Questions for a Retailer, Restaurateur or Manufacturer to Ask
If you are overwhelmed by the amount of time it takes for Fixed Assets Management, you are not alone! As a matter of fact, certain industries have adopted a 52/53 week…
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AICPA Revises Auditing Standards to Conform to Recent Amendments
AICPA Revises Auditing Standards for Effective Date of SAS 132 The Auditing Standards Board (ASB) of the AICPA has issued revisions to certain auditing standards…
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AICPA Issues New Statement on Standards for Accounting and Review Services
AICPA Issues SSARS No. 24 The AICPA’s Accounting and Review Services Committee (ARSC) has issued Statements on Standards for Accounting and Review Services (SSARSs) No. 24,…
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SEC Proposes Broker-Dealer Standards
The SEC voted to propose a package of rulemakings and interpretations designed to “enhance the quality and transparency of investors’ relationships with investment advisers and…
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Automation Tools That Liberate Corporate Tax Managers.
Deadlines, Stresses, & The Manual Processes That Exacerbate Them. Ask anyone that works in the typical corporate tax department, and they will be the first…
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SEC Staff Guidance on Non-GAAP Measures Updated
The staff in the SEC’s Division of Corporation Finance has updated its Compliance and Disclosure Interpretation (C&DI), Non-GAAP Financial Measures. This C&DI provides staff interpretations…
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SEC Issues Interpretive Guidance on Public Company Cybersecurity Disclosures
The SEC unanimously approved a statement and interpretive guidance to assist public companies in preparing disclosures about cybersecurity risks and incidents. SEC Chairman Jay Clayton…
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