What’s on the FASB’s technical agenda for 2016?

As you plan for the year ahead, you may wonder how changes to the accounting standards might affect the information you report on your company’s financial statements, including how it’s presented and what details are disclosed. The Financial Accounting Standards Board...

Disclosing government assistance

In November, the Financial Accounting Standards Board (FASB) released a proposal that would give investors, analysts and taxpayers a better idea of the types of economic incentives companies receive from all levels of government. The plan calls for new footnote...

SSARS Update

Coming soon: Guidance on prospective financial information In a single exposure draft, the Accounting and Review Services Committee (ARSC) of the American Institute of Certified Public Accountants (AICPA) issued three proposed Statements on Standards for Accounting...

Standards Update: Auditing the use of estimates and specialists

Business transactions have grown more complicated in recent years, leading companies to make a significant number of subjective estimates and rely more heavily on outside parties to bring in specialized knowledge. For more than a decade, the Public Company Accounting...

Are you prepared for the new revenue recognition rules?

This May marks the second anniversary of the publication of the landmark revenue recognition standard. But U.S. companies and their auditors have a lot of work to do before it goes into effect. Here’s an overview of what’s happened over the last two years — and the...