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The Public Company Accounting Oversight Board recently issued for public comment a proposal that would amend PCAOB auditing standards related to the auditor’s responsibility for considering a company’s noncompliance with laws and regulations, including fraud.
View MoreThe Accounting and Auditing Policy Committee of the Federal Accounting Standards Advisory Board recently released an Exposure Draft Technical Release: Leases Implementation Guidance Updates.
View MoreThe staff of the Public Company Accounting Oversight Board recently released a revised standard-setting agenda that includes the addition of two projects slated for short-term action.
View MoreFrom ERISA to the Internal Revenue Code (“IRC”) to regulations to pieces of sub-regulatory guidance hidden away on governmental websites, a complicated web of sources governs qualified retirement plan compliance—and for all the parties involved, ensuring retirement plans adhere to the litany of federal legal requirements can be overwhelming. Despite the best of efforts, mistakes can and do happen all too often.
View MoreThe use of bookkeeping software, such as Quicken, QuickBooks and Peachtree/Sage50, has permeated the accounting field in recent years. Most of these bookkeeping software market themselves as your client’s business partner.
View MoreAn important goal of the Financial Accounting Standards Board (FASB) is listening to the concerns, insights and other feedback of stakeholders. One primary concern communicated by stakeholders via the 2021 FASB invitation to comment on the Board’s agenda related to crypto assets.
View MoreThe Financial Accounting Standards Board recently published a proposed Accounting Standards Update intended to improve generally accepted accounting principles by adding illustrative guidance to help entities determine whether profits interest and similar awards should be accounted for as a share-based payment arrangement within the scope of Topic 718, Compensation—Stock Compensation.
View MoreThe Securities and Exchange Commission recently adopted amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, as well as amendments intended to modernize the disclosure requirements relating to repurchases of an issuer’s equity securities.
View MoreThe Public Company Accounting Oversight Board recently announced it has enhanced its inspection reports with a new section on auditor independence and a range of other improvements intended to increase transparency.
View MoreAs part of its continuing efforts to improve its oversight activities and to further increase transparency for stakeholders, the Board of Trustees of the Financial Accounting Foundation recently announced an enhancement intended to make it easier for stakeholders to raise potential concerns about compliance with the due process procedures of the FASB and the GASB.
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