Category Archives: Uncategorized

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GASB proposes implementation guide for fiduciary activities standard

GASB published a proposed implementation guide that provides questions and answers about the board’s new standards for state and local government accounting and financial reporting for fiduciary activities.
Source: JOA News
Read More here – GASB proposes implementation guide for fiduciary activities standard


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ASB changes align GAAS with PCAOB standards

The AICPA Auditing Standards Board voted to issue a new standard that will more closely align generally accepted auditing standards and the Public Company Accounting Oversight Board’s standards.
Source: JOA News
Read More here – ASB changes align GAAS with PCAOB standards


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6 tips for developing critical audit matter disclosures

New PCAOB rules require disclosure of critical audit matters encountered by auditors during the engagement. Here are some suggestions firms can use to identify critical audit matters.
Source: JOA News
Read More here – 6 tips for developing critical audit matter disclosures


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PCAOB strengthens rules for auditing estimates, supervising specialists

The PCAOB voted to approve a new standard and amendments for auditing accounting estimates, including fair value measurements, and using the work of specialists.
Source: JOA News
Read More here – PCAOB strengthens rules for auditing estimates, supervising specialists


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Sec. 199A: Questions and answers

Jeff Bilsky, CPA, senior practice leader for BDO’s national partnership taxation group, sat down recently for a question-and-answer session on guidance that has been issued on the Sec. 199A qualified business income deduction.
Source: Tax News
Read More here – Sec. 199A: Questions and answers


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How audit committees can oversee FASB standard adoption

Audit committees have a lot to consider as 2018 concludes with adoption of game-changing accounting standards in full swing at many companies.
Source: JOA News
Read More here – How audit committees can oversee FASB standard adoption


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FASB proposes extending 2 GAAP alternatives to not-for-profits

Under a proposal issued by FASB, not-for-profits would be able to take advantage of the private company GAAP alternatives for accounting for goodwill and accounting for intangible assets in a business combination.
Source: JOA News
Read More here – FASB proposes extending 2 GAAP alternatives to not-for-profits


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Test your knowledge of 2018 accounting news

Did you pay attention to the most important developments in the accounting profession in 2018? Take this quiz and find out.
Source: JOA News
Read More here – Test your knowledge of 2018 accounting news


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FASB proposal would address lessor implementation challenges

FASB proposed an accounting standard that would clarify how lessors should handle certain scenarios under the board’s new lease accounting standard.
Source: JOA News
Read More here – FASB proposal would address lessor implementation challenges


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Government shutdown would halt many IRS operations

A partial government shutdown at midnight on Friday would affect the IRS, which has not been fully funded for fiscal year 2019.
Source: Tax News
Read More here – Government shutdown would halt many IRS operations