< Return to List

Articles

FASB to propose delaying effective dates for 4 major standards
FASB plans to propose delaying effective dates for four key standards for certain groups of financial statement preparers after a series of votes taken at a board meeting Wednesday. The plan to delay effective dates for certain companies for...
5 things you need to know about the new auditor reporting standards
You may have heard that we issued a new auditor reporting standard effective for audits of financial statements for periods ending on or after December 15, 2020. The standard was designed to enhance the relevance and transparency of the...
FASB Staff Issues Q&A to Help Organizations Estimate Expected Credit Losses on Financial Assets
The Financial Accounting Standards Board (FASB) staff today issued a second question-and-answer (Q&A) document that addresses more than a dozen frequently asked questions related to Accounting Standards Update No. 2016-13, Financial...
FASB Seeks Stakeholder Input on Certain Identifiable Intangible Assets and the Subsequent Accounting for Goodwill
The Financial Accounting Standards Board (FASB) today issued an Invitation to Comment (ITC) seeking stakeholder input on the accounting for certain identifiable intangible assets acquired in a business combination and subsequent accounting for...
GASB Proposes Omnibus Statement Addressing Wide Range of Practice Issues
The Governmental Accounting Standards Board (GASB) has proposed guidance addressing various accounting and financial reporting issues identified during the implementation and application of certain GASB pronouncements.
GASB Proposes Guidance on Internal Revenue Code Section 457 Deferred Compensation Plans
The Governmental Accounting Standards Board (GASB) has proposed new accounting and financial reporting guidance on Internal Revenue Code Section 457 deferred compensation plans (Section 457 plans). The Exposure Draft, Internal Revenue Code...
Lessons from lease accounting implementation
With the effective date for the new IFRS lease accounting standard fast approaching, companies are wading through a number of challenging issues related to lease identification, data extraction, and software implementation. IFRS 16, Leases,...
ASB seeks alignment of materiality definitions
The AICPA Auditing Standards Board (ASB) is proposing changes to the definition of materiality in its standards for auditors and attestation engagements to eliminate inconsistencies with the definition used by other U.S. regulatory...
The Future Of Sustainability For The Industries That Power Online Shopping, Explained
From large commerce companies like Amazon and eBay, to direct-to-consumer toiletry packs, to sustainable clothing, e-commerce has revolutionized our shopping habits and the ways companies do business. With the simple touch of a smartphone, it’s...
GASB Issues Implementation Guide on Fiduciary Activities
The Governmental Accounting Standards Board (GASB) has issued a new Implementation Guide that contains questions and answers about the GASB’s recently issued standards on accounting and financial reporting for fiduciary activities.