GASB Issues Guidance on Disclosure of Certain Capital Assets
https://gasb.org/news-and-meetings/in-the-news/gasb-issues-guidance-on-disclosure-of-certain-capital-assets-419622
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Regulatory News
2024 SEC Enforcement Priorities Eye New Crypto Investors
By: Dr. Robert M. Wilbanks, CPA, CGMA Cryptocurrencies have grown rapidly since the 2008 financial crisis as an alternative to the traditional banking system and fiat currencies, attracting deep-pocketed billionaires and young, affluent, crypto-friendly investors. This growth has not occurred without problems, as several high-profile crypto- related frauds and crypto market volatility have cost investors over $2
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Regulating an Evolving Profession: Summary of Current PCAOB Standard-Setting Activities
By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA The quality of financial reports encourages, fosters and promotes public trust, which is an important tenet of public confidence. Quality speaks to the preeminence, completeness, accuracy and value of financial information. The need for quality financial information is amplified in a fast-paced dynamic economy with more complex transactions,
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SEC Approves a New PCAOB Quality Control Standard
https://www.sec.gov/newsroom/press-releases/2024-119
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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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