IRS News IRS Issues Official Guidance on Filing and Payment Deadline Postponements In Notice 2020-18, the IRS has made official the earlier announcement by Treasury…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
The Myth of Auditor Independence
Waking Up to Unconscious Bias
The AICPA Code of Professional Conduct requires that members in public practice be objective, free of conflicts of interest, and independent in fact and appearance…
Regulators and Standards Setters: Updates and Discussion
Annual Auditing Conference at Baruch
About the Panelists The panel featured Marc Panucci, CPA, deputy chief accountant of the Office of the Chief Accountant, SEC; Megan Zietsman, CPA, the chief auditor and director of…
CPAJ News Briefs
FASB, IASB, AICPA News
FASB News FASB to Propose Conceptual Framework Amendments in June The U.S. accounting standards setter plans to issue a proposal early June that revises the…
CPAJ News Briefs
FASB, AICPA News
FASB News House Financial Services Subcommittee Schedules Oversight Hearing The House Financial Services Committee’s Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets has scheduled a…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
CPAJ News Briefs
AICPA, IASB, FASB, PCAOB News
AICPA News AICPA Updates Interpretive Guidance for PCAOB’s Critical Audit Matters On October 23, the AICPA said it has updated interpretive guidance related to the…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
CPAJ News Briefs
FASB, AICPA News
FASB News FASB Issues Proposed Taxonomy Changes to Reflect Reference Rate Reform FASB has proposed changes to the 2020 U.S. GAAP financial reporting taxonomy to…
CPAJ News Briefs:
FASB, AICPA, GASB
FASB News FASB Hints at Future Hedge Accounting Overhaul A recent FASB discussion about hedge accounting rules has raised speculation that the board might consider…
CPAJ News Briefs
FASB, AICPA, PCAOB News
FASB News FASB Proposes Historic Change to Effective Dates Philosophy FASB has proposed a change to its philosophy for establishing effective dates for major new…
CPAJ News Briefs
IASB, FASB, AICPA News
IASB News Conference to Focus on Future Accounting Rules This year’s World Standard-setters Conference—the meeting of accounting rulemakers from various nations that use IFRS—will hold…
CPAJ News Briefs
FASB, AICPA News
FASB News Recognition of Acquired Liabilities in Customer Contracts Moved to Research Agenda On July 31, FASB removed a project from the Emerging Issues Task…
CPAJ News Briefs
FASB, PCAOB, AICPA News
FASB News Simplifications to Share-based Payments and Debt Accounting Considered Standards setters plan to tweak narrow areas of the stock compensation and debt accounting guidance,…
ICYMI | Cybersecurity Risks and Controls
Is the AICPA’s SOC for Cybersecurity a Solution?
In Brief As high-profile corporate data breaches continue to occupy headline space, businesses are grappling with how to confront a serious risk that changes on…
Cybersecurity Risks and Controls
Is the AICPA’s SOC for Cybersecurity a Solution?
In Brief As high-profile corporate data breaches continue to occupy headline space, businesses are grappling with how to confront a serious risk that changes on…
CPAJ News Briefs
FASB, AICPA News
FASB News Bless: Audit Firms Need Guidance from PCAOB About Credit Loss Standard The PCAOB should provide guidance to audit firms about the new credit…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
CPAJ News Briefs
IASB, GASB, AICPA News
IASB News IFRS Taxonomy to become Mandatory, EC Says Companies that use international financial reporting standards to prepare their financial statements need to tag them…
CPAJ News Briefs
FASB, AICPA News
FASB News Private Companies, Nonprofits to Get Update on Major New Accounting Rules FASB will hold a webcast on June 17 for private companies and…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
CPAJ News Briefs
AICPA, GASB, IASB News
AICPA News ASB Publishes New Auditor Reporting Standards On May 8, the AICPA’s Auditing Standards Board (ASB) published a set of standards intended to improve…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
CPAJ News Briefs
FASB, AICPA, SEC News
FASB News Garnett, Burnap, Hamel Named to Advisory Panels On February 25, FASB and its parent organization, the Financial Accounting Foundation (FAF), announced appointments to…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
CPAJ News Briefs
FASB, IASB, PCAOB News
FASB News Proposal Would Offer Transition Relief for Credit Losses Standard On February 6, FASB issued a proposal intended to offer transition relief to businesses…
CPAJ News Briefs
FASB, IASB, AICPA News
FASB News Examination of Complex Liabilities, Equity Accounting to Begin At its February 13 board meeting, FASB plans to take action on a significant project…
CPAJ News Briefs
FASB, AICPA News
FASB News More Work Needed on Income Tax Disclosure Plan FASB expects to issue a brand-new proposal as part of its plan to make companies…