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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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…
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AICPA Proposes Revisions to Attestation Standards
AICPA Attestation Standards The Auditing Standards Board (ASB) of the AICPA has issued the exposure draft, Proposed Statement on Standards for Attestation Engagements, Revisions to…
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FASB Issues ASU on Contributions of Cash and Other Assets for NFPs
FASB Provides Guidance on Contributions for Not-for-Profit Entities The FASB has issued Accounting Standards Update (ASU) No. 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope…
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FASB Issues ASU to Extend Share-Based Payment Rules to Include Shares Issued to Non-Employees
FASB Extends Share-Based Compensation Standard to Non-Employees The FASB has issued an Accounting Standards Update (ASU) intended to reduce cost and complexity and to improve…
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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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Are User Conferences’ Worth The Investment?
“You Just Had To Be There” You’ve probably met someone in your recent past who through conversation attempted to convey the experience of a memorable…
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Accountant By Day-Goalie By Night
Chicago Accountant Makes Good. My home town of Atlanta has not had a great run when it comes to hanging on to NHL franchises. Unfortunately,…
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Quality Audits Begin with Quality Fieldwork
Impactful Audit Tips to Keep on Your Radar As fieldwork goes, so goes the audit. Incorporate these tried-and-true tips into your fieldwork plan for more…
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