The Latest News
IAASB addresses pandemic issues in audit practice alert
The International Auditing and Assurance Standards Board (IAASB) published a staff audit practice alert Friday that is designed to highlight key areas of focus for auditor reporting related to the...
FASB votes to delay revenue recognition effective date for private companies
The board originally had proposed amending the revenue recognition standard effective date just for franchisors that are not public business entities. But feedback FASB received on the proposal...
IPSASB works to improve public sector accounting standards amid coronavirus
The International Public Sector Accounting Standards Board is trying to prod more countries to adopt its standards along with the accrual method of accounting, as nations around the world face...
Financial Accounting Foundation Improves Post-Implementation Review Process for Accounting Standards
Under the improved approach, leadership of future PIR projects will transition from the FAF staff (supported by the Boards) to the Boards themselves, with continued strong oversight by the FAF...
GASB Postpones Effective Dates of Upcoming Pronouncements
The Governmental Accounting Standards Board (GASB) today issued Statement No. 95, Postponement of the Effective Dates of Certain Authoritative Guidance. The Statement is intended to provide relief...
Pandemic loan audits: Some certainty in uncertain times
The purpose of this GAQC Alert is to provide you with important governmental auditing updates relating to the Novel Coronavirus (COVID-19) as follows:
CPA firms will be granted six-month extensions for peer reviews, corrective actions, and implementation plans
CPA firms will be granted six-month extensions for peer reviews, corrective actions, and implementation plans with original due dates between Jan. 1 and Sept. 30 of this year, according to a vote...
Cares Act and Single Audit Requirements
Until recently, it has been unclear if any of the funds received, either as loans or grants, would be subject to Single Audit requirements.
Standards board proposes IAS 1 and IFRS 16 changes
The IASB also is consulting on a proposed amendment to IFRS 16, Leases, to make it easier for lessees to account for COVID-19-related rent concessions such as rent holidays and...
FASB Issues Staff Q&A Document on Hedge Accounting during COVID-19 Pandemic
The Financial Accounting Standards Board (FASB) staff today issued a question-and-answer document (Q&A) that responds to frequently asked questions about the disruptive effects of COVID-19 on cash...

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Continuing Professional Development

2020 FASB and AICPA Update - 6/2/2020 -
For over 30 years, the FASB and AICPA Update has been the most popular course among all our seminars. This course is a must to keep you on top of the...
The New Yellow Book: Government Auditing Standards, 2018 Revision - 6/4/2020 -
Do you want to learn about the 2018 revision to Government Auditing Standards (GAGAS or GAS or the "Yellow Book")? This course is based on Government...
Assessing the Risk of Fraud in a Financial Statement Audit - 6/9/2020 -
The Association of Certified Fraud Examiners says that there is fraud lurking in all businesses including not for profit organizations. It often goes...
Statement of Cash Flows: Preparation Guidance and Presentation Illustrations (Morning Session) - 6/10/2020 -
From its humble beginnings way back in 1963 when the Accounting Principles Board "encouraged" the presentation of a funds statement, the Statement of Cash...
Non-GAAP Financial Statement Options: Cash, Modified Cash, and Tax Basis (Afternoon Session) - 6/10/2020 -
For many businesses, preparing financial statements using a special purpose framework may provide an alternative to the complexity of U.S. GAAP. This course...
Leases, Financial Instruments, and Revenue: The FASB's "Big Three" - 6/15/2020 -
Even with the effective date of Topic 606, it continues to be a very dynamic time in the world of accounting and financial reporting, with many significant...
Construction Contractors: Critical Accounting, Auditing, and Tax Issues - 6/16/2020 -
Accounting and financial reporting for construction contractors may be the most difficult area to be in compliance with the various standards. Construction...
Compilation and Review Practice Guide - 6/17/2020 -
Compilation and review issues have dominated the profession during the past few years, and the codification of SSARS 21 in AR-C Sections 60, 70, 80, and 90,...

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