The Accounting Standards Codification 842 was issued by the Financial Accounting Standards Board (FASB) in 2016 and is now effective […]
WEBINAR: BSSF Lease Accounting Webinar – January 13, 2022
Accounting & Auditing
Effective for fiscal years beginning after December 15, 2021, a new accounting standard from Financial Accounting Standard Board (FASB) will […]
Auditor’s Report Changes for Audits of Financial Statements for Periods Ending on or After December 15, 2021
Accounting & Auditing
The American Institute of Certified Public Accountants (AICPA) Auditing Standards Board (ASB) has issued Statement on Auditing Standards (SAS) No. […]
Private Companies Still Unprepared for Leases Standard
Accounting & Auditing
According to recent reports, many private companies (as many as one-fifth, according to one study) remain unprepared to implement the […]
Audits, Reviews & Compilations – What’s the Difference and Why Would I Need One?
Accounting & Auditing
Audits, reviews and compilations of financial statements are all considered “attest” services, which are services that can only be performed […]
New Auditing Standard Brings Major Changes to Employee Benefit Plan Audits
Accounting & Auditing, Employee Benefit Plans
The Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA) establishes U.S. auditing standards (commonly referred to […]
FASB Delays Revenue Recognition and Lease Accounting Effective Dates
Accounting & Auditing, Coronavirus (COVID-19) Resources
Updated: June 4, 2020 at 12:30 PM On Wednesday, May 20, 2020, the Financial Accounting Standards Board (FASB) voted to […]