Category Archives: NEWS

  • 0

Corporate board members expect major changes

Changing business models, cybersecurity, and competition for talent are just a few of the things expected to concern corporate directors in the next year.
Source: JOA News
Read More here – Corporate board members expect major changes


  • 0

Debt is causing Americans significant stress and anxiety

More than half of Americans with debt said that owing money has had a negative impact on their lives, according to a recent AICPA survey.
Source: JOA News
Read More here – Debt is causing Americans significant stress and anxiety


  • 0

Blockchain considerations for management and auditors

Distributed ledger technology, also known as blockchain, presents a twofold challenge for accountants and auditors.
Source: JOA News
Read More here – Blockchain considerations for management and auditors


  • 0

PCAOB issues staff guidance on new auditor’s report

The PCAOB issued staff guidance that describes important considerations related to the new auditor’s reporting model.
Source: JOA News
Read More here – PCAOB issues staff guidance on new auditor’s report


  • 0

Senate passes tax reform bill

In the early hours of Saturday morning, the U.S. Senate passed its version of the Tax Cuts and Jobs Act bill by a vote of 51–49.
Source: JOA News
Read More here – Senate passes tax reform bill


  • 0

New working drafts address 5 revenue recognition issues

Working drafts for a total of five revenue recognition implementation issues in four industries were exposed by the AICPA Financial Reporting Executive Committee.
Source: JOA News
Read More here – New working drafts address 5 revenue recognition issues


  • 0

FASB simplifying leases standard implementation

FASB decided to simplify implementation of its new lease accounting standard in an effort to reduce costs and decrease challenges for financial statement preparers.
Source: JOA News
Read More here – FASB simplifying leases standard implementation


  • 0

ASB addresses auditor’s report, other information, standards alignment

Three proposals issued by the AICPA Auditing Standards Board are designed to enhance the relevance and usefulness of the auditor’s report for audits of nonissuers.
Source: JOA News
Read More here – ASB addresses auditor’s report, other information, standards alignment


  • 0

Practical considerations for lease accounting

Here are some things financial statement preparers should keep in mind when implementing FASB’s lease accounting standard
Source: JOA News
Read More here – Practical considerations for lease accounting


  • 0

Attestation guidance for third-party due-diligence services for asset-backed securities

The ASB issued a statement of position providing guidance for attestation engagements related to third-party due-diligence services performed in connection with asset-backed securities.
Source: JOA News
Read More here – Attestation guidance for third-party due-diligence services for asset-backed securities