Financial statements show some of the changes resulting from the new revenue recognition standard in various industries.
Source: JOA News
Read More here – How revenue recognition changes are affecting preparers like GE, Microsoft
See how much you know about recent news with this short quiz.
Source: JOA News
Read More here – News quiz: Tracking accountants’ pay
FASB proposed clarifications to separate standards issued in 2016 on accounting for financial instruments and lease accounting.
Source: JOA News
Read More here – FASB proposes technical corrections to 2 standards
Taking responsibility for hosting an attest client’s data or records impairs a CPA’s independence, according to a new ethics interpretation.
Source: JOA News
Read More here – How data-hosting services affect independence
Republican leadership released a tax reform framework that calls for fewer individual tax brackets, a lower corporate tax rate, and elimination of many tax deductions.
Source: Tax News
Read More here – Republicans unveil tax reform framework
Republican leadership released a tax reform framework that calls for fewer individual tax brackets, a lower corporate tax rate, and elimination of many tax deductions.
Source: JOA News
Read More here – Republicans unveil tax reform framework
The PCAOB has revised a proposal that would create a more uniform approach to a lead auditor’s supervision of other auditors from other audit firms.
Source: JOA News
Read More here – PCAOB revises proposal on supervision of other auditors
Advocacy for women in the accounting profession continues to progress as the American Woman’s Society of CPAs transfers its name and intellectual property to the American Institute of CPAs.
Source: JOA News
Read More here – Combining efforts around advocacy for women CPAs
The IRS issued its annual updates of per-diem rates for use in substantiating expenses when traveling away from home on or after Oct. 1.
Source: Tax News
Read More here – IRS updates special per-diem rates for business travel
The IRS issued its annual updates of per-diem rates for use in substantiating expenses when traveling away from home on or after Oct. 1.
Source: JOA News
Read More here – IRS updates special per-diem rates for business travel
