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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FASB Improves Accounting for Series Television
The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) No. 2019-02, Entertainment—Films—Other Assets—Film Costs (Subtopic 926-20) and Entertainment—Broadcasters—Intangibles—Goodwill and Other (Subtopic 920-350):…
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FASB Clarifies Lease Implementation Guidance for Lessors
The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2019-01, Leases (Topic 842): Codification Improvements. ASU 2019-01 provides lease implementation guidance for…
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GASB Proposes Implementation Guide on Leases
The Governmental Accounting Standards Board (GASB) has issued an Exposure Draft of the proposed Implementation Guide, Leases. The Exposure Draft includes contains questions and answers on government…
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AICPA SEC and PCAOB Conference Highlights
AICPA SEC and PCAOB Conference Highlights Representatives from Accounting Research Manager are attending the annual “AICPA Conference on Current SEC and PCAOB Developments.” This conference…
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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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