SEC Approves a New PCAOB Quality Control Standard
https://www.sec.gov/newsroom/press-releases/2024-119
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Regulatory News
Turning the Corner: FASB Updates Effective Periods Beginning After Dec. 15, 2023
By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA As practitioners and clients turn the corner from busy season and begin planning and risk assessment in the coming months, now is a good time for a refresher on recently promulgated updates as well as current Financial Accounting Standards Board (FASB) exposure drafts and projects with
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FASB Issues New and Final Chapter of Its Conceptual Framework: Measurement
https://www.fasb.org/news-and-meetings/in-the-news/fasb-issues-new-and-final-chapter-of-its-conceptual-framework:-measurement-419085
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PCAOB Modernizes Its Rules by Strengthening Accountability for Contributing to Firm Violations
https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-modernizes-its-rules-by-strengthening-accountability-for-contributing-to-firm-violations
PCAOB Updates Its Standards To Clarify Auditor Responsibilities When Using Technology-Assisted Analysis
https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-updates-its-standards-to-clarify-auditor-responsibilities-when-using-technology-assisted-analysis
GASB Issues Guidance to Improve Key Components of Government Financial Reports
https://gasb.org/news-and-meetings/in-the-news/gasb-issues-guidance-to-improve-key-components-of-government-financial-reports-418578
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Cybersecurity Disclosures – SEC’s New Promulgation
Internet is now an integral part of our business activities; however, it also poses a host of challenges, including cybersecurity risks.
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PCAOB Adopts New Quality Control Standard With a Risk-Based Approach Designed to Drive Continuous Improvement in Audit Quality
The Public Company Accounting Oversight Board (PCAOB) today adopted a new standard designed to lead registered public accounting firms to significantly improve their quality control (QC) systems.
FASB Issues Standard That Clarifies Accounting Guidance Related to Profits Interest Awards
The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves generally accepted accounting principles (GAAP) by adding illustrative guidance to help entities determine whether profits interest and similar awards should be accounted for as share-based payment arrangements within the scope of Topic 718, Compensation—Stock Compensation.