CPA Never under estimate the value
FASB proposed a standard that is intended to drive consistency in accounting for revenue contracts with customers acquired in a business combination.
Source: JOA News
Read More here – FASB addresses revenue contracts with customers acquired in a business combination
The AICPA staff has posted new FAQ guidance on issues related to System and Organization Controls 2 and 3 (SOC 2 and SOC 3) engagements.
Source: JOA News
Read More here – FAQs on SOC 2 and SOC 3 engagements issued by AICPA staff
With many workers unaware of the implications when remote work crosses state lines, CPAs may face frustration and confusion in clients.
Source: JOA News
Read More here – Some teleworkers could be hit with surprise tax bills
Optimism is higher than in the third quarter, but plenty of obstacles remain, according to the AICPA’s quarterly economic outlook.
Source: JOA News
Read More here – US finance leaders wary as pandemic impacts continue
The IRS finalized proposed rules on the disallowance of deductions for transportation fringe benefits, which was enacted by the law known as the Tax Cuts and Jobs Act.
Source: Tax News
Read More here – Final rules govern disallowed transportation fringe benefits
The IRS finalized proposed rules on the disallowance of deductions for transportation fringe benefits, which was enacted by the law known as the Tax Cuts and Jobs Act.
Source: JOA News
Read More here – Final rules govern disallowed transportation fringe benefits
After celebrating its 30th anniversary, the Federal Accounting Standards Advisory Board is continuing to move forward in its mission to deliver transparency in federal accounting, says board Chair George Scott, CPA, CGMA.
Source: JOA News
Read More here – Q&A: FASAB reaches milestone amid pandemic
Firms share the approaches they are using to keep employees safe, and HR experts advise firms to stay current with their state’s guidance, know their rights as employers and communicate policies clearly to staff.
Source: JOA News
Read More here – What to know about holiday travel policies during COVID-19
The coronavirus pandemic has dramatically disrupted the focus and procedures involved in many audits. These tips provide best practices, fraud considerations and new procedures practitioners may wish to use.
Source: JOA News
Read More here – Tips for auditing in a COVID-19 environment
The coronavirus pandemic has caused the risks of material misstatement and fraud to change substantially for many audit clients. Here’s how practitioners can continue delivering high-quality audits in this environment.
Source: JOA News
Read More here – Assessing audit risks during the pandemic
