SEC Chairman Cautions on the Authority Given SEC Staff Views
SEC Chairman Jay Clayton issued a statement clarifying the authority given to SEC staff views vs. the official rules and regulations issued by the SEC.…
read more
FASB Issues Standard on Cloud Computing Arrangements.
Cloud Computing Arrangements The FASB has issued Accounting Standards Update (ASU) 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in…
read more
FASB Amends Disclosure Requirements for Defined Benefit Plans.
The FASB has issued ASU No. 2018-14, Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans, that applies…
read more
FASB Amends Disclosure Requirements for Fair Value Measurement
FASB Issues Changes to the Disclosure Requirements for Fair Value Measurement The FASB has issued Accounting Standards Update (ASU) No. 2018-13, Fair Value Measurement (Topic…
read more
New FASB Guidance Improves Accounting for Long-Duration Insurance Contracts
FASB Issues ASU on Accounting for Long-Duration Insurance Contracts The FASB has issued an Accounting Standards Update (ASU) that improves financial reporting for insurance companies…
read more
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…
read more
FASB Issues Codification Improvements to Topic 842, Leases
FASB Issues Improvements to New Leases Standard The FASB has issued Accounting Standards Update (ASU) No. 2018-10, Codification Improvements to Topic 842, Leases. ASU No.…
read more
GAO Publishes 2018 Revision to the Yellow Book
GAO Yellow Book Revised for 2018 The U.S. Government Accountability Office (GAO) has issued the 2018 revision of Generally Accepted Government Auditing Standards (GAGAS), also…
read more
FASB Publishes Codification Improvements
FASB Releases ASU No. 2018-09, Codification Improvements The FASB has released Accounting Standards Update (ASU) No. 2018-09, Codification Improvements. ASU 2018-09 affects a wide variety of…
read more
GASB Issues Guidance on Accounting for Interest Cost Incurred Before the End of a Construction Period
GASB Releases Standard on Accounting for Construction Period Interest Costs The Governmental Accounting Standards Board (GASB) has issued a new standard, Statement No. 89, Accounting for…
read more