June 13, 2022
The Financial Accounting Standards Board recently published an Invitation to Comment seeking input on potential GAAP guidance on recognition, measurement and presentation of government grants by businesses.
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June 13, 2022
The Governmental Accounting Standards Board recently issued guidance designed to improve the accounting and financial reporting requirements for accounting changes and error corrections.
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June 6, 2022
The AICPA Auditing Standards Board and Accounting and Review Services Committee have collectively released four new quality management standards designed to improve a CPA firm's risk assessment and audit quality.
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June 3, 2022
The IRS recently announced that beginning this month, its Employee Plans division will be pilot-testing a new pre-examination retirement plan compliance program in an effort to reduce the amount of time needed for exams.
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June 2, 2022
The AICPA Professional Ethics Executive Committee recently released two proposals that would update the AICPA Code of Professional Conduct.
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May 24, 2022
The Board of Trustees of the Financial Accounting Foundation recently announced it has released its draft strategic plan and is inviting public and stakeholder input on the plan’s contents.
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May 10, 2022
The AICPA recently issued new Technical Questions and Answers related to auditor reporting on supplemental information included in company annual reports.
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May 9, 2022
The Governmental Accounting Standards Board recently issued guidance addressing various accounting and financial reporting issues identified during the implementation and application of certain GASB pronouncements or during the due process on other pronouncements.
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May 4, 2022
The Office of the Chief Auditor of the Public Company Accounting Oversight Board recently published updated standard-setting and research agendas as part of the Board’s objective of advancing audit quality to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports.
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April 28, 2022
The IRS has recently issued proposed regulations and mortality tables (REG-106384-20) for determining present values under defined benefit pension plans.
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