Category Archives: NEWS

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PCAOB gets new chairman, complete new board membership

William Duhnke will chair the Public Company Accounting Oversight Board, and will be joined by board members J. Robert Brown, Kathleen Hamm, James Kaiser, and Duane DesParte.
Source: JOA News
Read More here – PCAOB gets new chairman, complete new board membership


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Using audit data analytics in performing a risk assessment procedure

In this excerpt from the AICPA’s new Guide to Audit Data Analytics, learn how to apply the techniques to a risk assessment procedure.
Source: JOA News
Read More here – Using audit data analytics in performing a risk assessment procedure


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GASB proposals address capitalization of interest costs, implementation

GASB issued separate proposals on capitalization of interest costs and an upcoming guide to implementing recent pronouncements.
Source: JOA News
Read More here – GASB proposals address capitalization of interest costs, implementation


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US finance executives strongly positive about 2018

Economic optimism in a quarterly survey has reached new heights. Find out why US finance decision-makers feel good about the coming year.
Source: JOA News
Read More here – US finance executives strongly positive about 2018


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How firms can continue to improve audit quality

PCAOB member Jeanette Franzel is calling for audit firms to dedicate additional resources to ensure high-quality audits.
Source: JOA News
Read More here – How firms can continue to improve audit quality


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Audit committee considerations for the PCAOB’s new audit report

A new Center for Audit Quality tool provides audit committees with important considerations related to the new auditor’s report.
Source: JOA News
Read More here – Audit committee considerations for the PCAOB’s new audit report


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How CPAs can prepare for auditing in the future

Recent leaps in artificial intelligence and machine learning might pale compared to what lies just ahead. Here’s how auditors can embrace the changes.
Source: JOA News
Read More here – How CPAs can prepare for auditing in the future


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FASB supersedes steamship entities guidance

FASB superseded guidance for US steamship entities because a 25-year limit has expired, making the guidance irrelevant.
Source: JOA News
Read More here – FASB supersedes steamship entities guidance


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Last-minute revenue recognition implementation tips

Time is running short in the revenue recognition implementation effort as public companies must adopt FASB’s new standard at the beginning of 2018.
Source: JOA News
Read More here – Last-minute revenue recognition implementation tips


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FASB aims to ease pain of implementing lease accounting, other standards

Changes and proposed changes to FASB’s new lease accounting standard that were announced last week addressed financial statement preparers’ most pressing implementation concerns.
Source: JOA News
Read More here – FASB aims to ease pain of implementing lease accounting, other standards