CPA Never under estimate the value
A new standard issued by the AICPA Auditing Standards Board provides guidance on auditing the fair value of financial instruments, with a focus on the use of pricing services. The ASB also modernized its standards related to the use of specialists by management and auditors.
Source: JOA News
Read More here – New standard addresses investments, specialist matters
Reporting on environmental, social and governance information is becoming increasingly important. Internal audit’s independent advisory and assurance work can help organizations get it right.
Source: JOA News
Read More here – Internal audit has pivotal role in ESG reporting
Finance ministers for the G7 reached an agreement on Saturday supporting a global minimum tax rate of at least 15%. Here’s how it would work and what might happen next.
Source: JOA News
Read More here – What is a global minimum tax and what will it mean?
PCAOB Chair William Duhnke III was removed from his position on the board as the SEC named Duane DesParte as acting chair. The SEC announced that it intends to seek candidates to fill all five positions on the PCAOB.
Source: JOA News
Read More here – Duhnke removed as PCAOB chair as transition to new board begins
The US Small Business Administration reported its first set of grants from the $16.25 billion Shuttered Venue Operator Grants program.
Source: JOA News
Read More here – SBA reports first 50 Shuttered Venue Operator Grants
U.S. finance decision-makers are mainly positive for the coming year for their businesses and the domestic economy, according to a quarterly survey.
Source: JOA News
Read More here – Rising optimism outweighs concerns about labor shortages, inflation
Derivative instruments, fiduciary activities, leases and nonexchange transactions are among the accounting issues discussed in an implementation guide issued by GASB.
Source: JOA News
Read More here – GASB publishes implementation guidance on various issues
Accounting and financial reporting requirements that have been followed since the 1970s would change under guidance for accounting changes and error corrections proposed by the Governmental Accounting Standards Board.
Source: JOA News
Read More here – GASB addresses accounting changes and error corrections
Accountants can position themselves as more trustworthy by working through the classic “trust equation” developed by David Maister, Charles Green, and Robert Galford. Angie Grissom, owner of The Rainmaker Companies, illustrates how to do so.
Source: JOA News
Read More here – Use this formula to build trust with clients
