FASB changed its credit losses standard, eliminating accounting guidance for troubled debt restructuring by creditors and enhancing disclosure requirements for vintage disclosures.
Source: JOA News
Read More here – FASB addresses troubled debt, vintage disclosures in CECL standard
Erin Collins tells the Internal Revenue Service to implement common scanning technologies to help reduce a backlog of 15 million returns.
Source: Tax News
Read More here – National taxpayer advocate directs IRS to implement scanning technology
Erin Collins tells the Internal Revenue Service to implement common scanning technologies to help reduce a backlog of 15 million returns.
Source: JOA News
Read More here – National taxpayer advocate directs IRS to implement scanning technology
After a rush of government programs provided pandemic-related relief, the Financial Accounting Standards Board issued a standard requiring new disclosures for government assistance.
Source: JOA News
Read More here – How to navigate new disclosures for government assistance
Make sure your decision about when to claim Social Security benefits is an informed one that takes into consideration your expected longevity along with various financial and other factors.
Source: JOA News
Read More here – The pros and cons of delaying Social Security
Legislation augmenting the SECURE Act of 2019 now goes to the Senate after passing the House.
Source: Tax News
Read More here – ‘SECURE 2.0’ would further expand retirement savings options
Legislation augmenting the SECURE Act of 2019 now goes to the Senate after passing the House.
Source: JOA News
Read More here – ‘SECURE 2.0’ would further expand retirement savings options
The AICPA’s revised “Information Systems Services” ethics interpretation can help members avoid crossing the line that may lead to providing prohibited nonattest services.
Source: JOA News
Read More here – Quiz: Ethics requirements for providing information systems services to an attest client
The SEC proposed rules that are intended to provide investors with more information and protection in initial public offerings by special purpose acquisition companies.
Source: JOA News
Read More here – SPACs would face new disclosure requirements under SEC proposal
A proposal issued Wednesday by the Accounting and Auditing Policy Committee of the Federal Accounting Standards Advisory Board would amend four federal government accounting standards technical releases to conform with recently issued guidance.
Source: JOA News
Read More here – FASAB proposes conforming amendments to 4 technical releases
