Accounting & Auditing

FASB Issues Standard that Improves Measurement of Credit Losses for Accounts Receivable and Contract Assets

Accounting & Auditing, Regulatory News /

Norwalk, CT—July 30, 2025—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves guidance on the measurement of credit losses for accounts receivable and contract assets. https://www.fasb.org/news-and-meetings/in-the-news/fasb-issues-standard-that-improves-measurement-of-credit-losses-for-accounts-receivable-and-contract-assets-422498

FASB Issues Standard that Improves Measurement of Credit Losses for Accounts Receivable and Contract Assets Read More »

The Future of the Audit: A White Paper Executive Summary

Accounting & Auditing, Members Only /

Whether we acknowledge it or not, the audit profession is in the middle of a radical transformation. Facing a confluence of challenges – technological disruption, shifting regulatory landscapes and critical talent shortages – the profession must evolve rapidly or risk obsolescence. Traditional methods, once sufficient, can no longer meet the demands of an increasingly complex

The Future of the Audit: A White Paper Executive Summary Read More »

Seeing Through the Chaos: An Accountant’s Lens

Accounting & Auditing, Members Only, Regulatory News /

By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA Recent economic developments, including shifts in inflation trends, interest rate fluctuations, global supply chain considerations, and evolving geopolitical conditions, are prompting many organizations to evaluate how recent events will impact their financial reporting processes and respective results. These dynamics can impact considerations around asset valuations, fair

Seeing Through the Chaos: An Accountant’s Lens Read More »

Preparing for the Quality Management Standards: Key Points and Resources for Implementation

Accounting & Auditing, Members Only /

By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA In 2022, the Tennessee CPA Journal reported on the newly released quality management standards (QMS).1 Today, with the effective date approaching, we provide important reminders and a discussion of (and reference to) some helpful resources for sole practitioners, small to medium firms, and other stakeholders. Quality management

Preparing for the Quality Management Standards: Key Points and Resources for Implementation Read More »

Scroll to Top
Skip to content