November 13, 2017
Increases in audit fees paid by public companies aren’t necessarily producing better audit quality, according to a new report.
November 10, 2017
PCAOB inspectors identified three areas where audit deficiencies were most frequently identified in 2016, according to a board staff inspection brief published Friday.
London, November 9, 2017
Global regulators want to shake up how corporate audit rules are written to curb the influence of accountants and avoid any conflict of interest.
November 7, 2017
The Financial Accounting Standards Board’s new standard on accounting for credit losses will require some major changes for banks, particularly smaller ones, as well as many companies that provide loans.
November 1, 2017
The Public Company Accounting Oversight Board is likely to issue guidance on the use of blockchain and data analytics technology as more auditing firms weigh the benefits and drawbacks of them.
October 18, 2017
The recent string of devastating hurricanes and wildfires in the U.S. and its territories has prompted questions about financial reporting by companies striving to recover from natural disasters while wrestling with their insurance companies over damage claims.
October 17, 2017
In what the Financial Accounting Standards Board (FASB) calls a “perpetual project"
Oct 13th 2017
The Financial Accounting Standards Board (FASB) is proposing an update to land easements that includes determining whether easements are leases.
Oct 11th 2017
The Financial Accounting Standards Board (FASB) recently voted to make changes to Topic 810 of the board’s Accounting Standards Codification by developing new rules that address consolidation of legal entities and how that is determined.
October 5, 2017
The Public Company Accounting Oversight Board released a new practice alert to help auditors looking at how clients have implemented the Financial Accounting Standards Board’s new accounting standard on revenue recognition.
October 4, 2017
Companies and their auditors are getting ready for the Public Company Accounting Oversight Board’s new audit reporting model, despite uncertainty over whether the Securities and Exchange Commission will approve the new standard.
October 3, 2017
The Financial Accounting Standards Board published a proposed accounting standards update Tuesday to clarify and get rid of some specific inconsistencies in key parts of GAAP.
September 26, 2017
The Public Company Accounting Oversight Board wants to hear more comments about a proposal to strengthen its existing requirements for a lead auditor's use of other auditors and impose a more uniform approach.
September 25, 2017
The Financial Accounting Standards Board has a proposed accounting standards update to clarify how to apply its new lease accounting standard to land easements.
September 25, 2017
A new statement issued Friday by the Federal Accounting Standards Advisory Board (FASAB) establishes foundational concepts for federal agencies’ financial reporting.
September 20, 2017
The revenue recognition standard that takes effect in December for public companies could pose challenges for technology businesses, particularly those relying on traditional subscription licenses, and many companies aren’t ready for the impact on their financials.
September 18, 2017
An official from the American Institute of CPAs asked the Internal Revenue Service to revise its proposed regulations for auditing large partnerships during an IRS hearing Monday.
September 15, 2017
The Financial Accounting Standards Board (FASB) has issued a final standards update intended to improve and simplify hedge accounting rules.
September 1, 2017
The American Institute of CPAs’ Accounting and Review Services Committee has published an exposure draft of a proposed standard on procedures for attestation engagements, while its Financial Reporting Executive Committee has issued working drafts of some of its industry-specific guidance for various industries.
August 30 2017
The Financial Accounting Standards Board released its long-awaited hedge accounting standard this week, but companies may want to be careful about adopting it early, or else they could miss out on some one-time benefits.