June 26, 2023
The International Sustainability Standards Board recently issued its inaugural standards, IFRS S1 and IFRS S2, intended to improve trust and confidence in company disclosures about sustainability to inform investment decisions.
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June 23, 2023
The PCAOB recently released a resource document including expanded details about its priorities for 2023 audit inspections, most notably risk of fraud, risk assessment and internal controls, and auditing and accounting risks.
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June 15, 2023
As part of its efforts to align the AICPA Code of Professional Conduct with that of the International Ethics Standards Board for Accountants, the AICPA Professional Ethics Executive Committee released for public comment an exposure draft regarding public interest entities.
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June 6, 2023
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.
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May 30, 2023
The Accounting and Auditing Policy Committee of the Federal Accounting Standards Advisory Board recently released an Exposure Draft Technical Release: Leases Implementation Guidance Updates.
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May 16, 2023
The 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.
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May 15, 2023
From 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.
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May 15, 2023
The 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.
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May 15, 2023
An 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.
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May 11, 2023
The 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.
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