FASB’s attempts to simplify the classification of debt in a classified balance sheet may have unintended consequences, according to a comment letter sent by the AICPA Technical Issues Committee.
Source: JOA News
Read More here – FASB debt classification reproposal sparks concerns
An auditing interpretation issued by the AICPA Auditing Standards Board provides auditors with guidance on how to comply with AU-C Section 700A as well as the PCAOB’s standards on critical audit matters.
Source: JOA News
Read More here – ASB addresses compliance with GAAS, PCAOB standards
Surveys offer insight into how much allowance children are getting these days and into how investors perceive audited financial statements in U.S. markets. See what else you know about recent news with this short quiz.
Source: JOA News
Read More here – News quiz: Kids’ allowances and investor confidence
Cathy Engelbert, CPA, became the first woman to lead a Big Four firm in the U.S. She is now applying more than three decades of business skills to the WNBA, a league that has longevity but needs a boost on several fronts.
Source: JOA News
Read More here – The former Deloitte CEO on career agility
Despite fears about the economy, Americans’ personal financial satisfaction stayed high in the third quarter of 2019, according to the PFSi, a proprietary economic indicator calculated quarterly by the AICPA.
Source: JOA News
Read More here – Financial satisfaction stays high, but economic concerns remain
A new Technical Question and Answer issued by the AICPA provides nonauthoritative guidance on implementing the AICPA Auditing Standards Board’s new standard on auditor reporting.
Source: JOA News
Read More here – Guidance provided on SAS No. 134 implementation
Despite FASB’s delay in the lease accounting effective date for private companies and certain other entities, there’s not a lot of time for companies to handle a complicated implementation.
Source: JOA News
Read More here – Lease accounting: Keep pushing ahead
Openness to change and lifelong learning can help CPAs thrive amid accelerating tech development, says AICPA fall Council speaker Jeffrey Rogers.
Source: JOA News
Read More here – How CPAs can prepare for accelerating tech changes
The memorandum lists 10 challenges in order of importance, ranging from data security to achieving operational efficiencies.
Source: Tax News
Read More here – TIGTA outlines IRS challenges for 2020
The memorandum lists 10 challenges in order of importance, ranging from data security to achieving operational efficiencies.
Source: JOA News
Read More here – TIGTA outlines IRS challenges for 2020
