AICPA Proposes Amendments to Materiality Standards
The AICPA’s Auditing Standards Board (ASB) has issued an exposure draft of a proposed Statement on Auditing Standards (SAS) and a proposed Statement on Standards…
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PCAOB Issues Staff Guidance on Audit Committee Communications Related to Independence
The Public Company Accounting Oversight Board (PCAOB) has published a new staff guidance document, Rule 3526(b) Communications with Audit Committees Concerning Independence. In addition, the…
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SEC Commissioner Peirce Discusses SEC Proposal to Change SOX 404(b)
SEC Commissioner Hester M. Peirce recently discussed SEC rulemaking and its current agenda. As part of her remarks, Peirce discussed the SEC’s recent proposal to…
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PCAOB Takes a Deeper Dive on Communication of CAMs
The Public Company Accounting Oversight Board (PCAOB) has published an additional staff guidance document, Implementation of Critical Audit Matters: A Deeper Dive on the Communication…
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IASB Proposes Amendments to Four IFRS Standards
The IASB has published proposed narrow-scope amendments to four IFRS Standards as part of its maintenance and improvements of Standards. Background Annual improvements are limited…
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AICPA Issues New Standards on Auditor Reporting
The Auditing Standards Board (ASB) of the AICPA has published two new and long-awaited Statements on Auditing Standards (SAS), SAS 134, Auditor Reporting and Amendments, Including…
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FASB Proposes Improvements to Income Tax Disclosures
The FASB has issued revised proposed Accounting Standards Update (ASU), Income Taxes (Topic 740) – Disclosure Framework—Changes to the Disclosure Requirements for Income Taxes –…
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PCAOB Issues Guidance for CAM Rules
The Public Company Accounting Oversight Board (PCAOB) has released three staff guidance documents developed to support implementation of the new critical audit matter (CAM) requirements. These…
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An Educational Slam Dunk
March Madness is here! I’m talking about busy season, not college basketball. While other firms are trying to survive busy season, you should be beating…
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SEC Publishes Securities Transaction Fee Rate Advisory
The SEC announced that starting on April 16, 2019, the fee rates applicable to most securities transactions will be set at $20.70 per million dollars.…
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