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The Governmental Accounting Standards Board has issued an implementation guide that includes questions and answers related to recently released GASB standards on accounting and financial reporting for fiduciary activities. Implementation Guide No. 2019-2, Fiduciary Activities, is effective for all reporting periods beginning after Dec. 15, 2018. Continue Reading
The AICPA Auditing Standards Board (ASB) issued standards May 8 that are designed to enhance the communicative value of the auditor’s report and align generally accepted auditing standards (GAAS) with the standards issued by the International Auditing and Assurance Standards Board (IAASB) and the PCAOB. Continue Reading
The Financial Accounting Standards Board has issued a proposal that is intended to make accounting for income taxes less costly and complex. Continue Reading
You might remember the audit risk model from your auditing textbook. Get a refresher on core elements so you apply them correctly to engagements. Continue Reading
As they implement the Financial Accounting Standards Board's new lease accounting rules, private companies and not-for-profits might be surprised by the complexity of the transition and the effect on financial statements. Continue Reading
Artificial intelligence and natural language processing can help accounting departments analyze documents, detect fraud and ensure compliance. Continue Reading
The Securities and Exchange Commission has approved the Financial Accounting Standards Board’s 2019 GAAP Financial Reporting Taxonomy, along with the 2019 SEC Reporting Taxonomy, FASB said Tuesday. Continue Reading
This is a challenging time of year for CPAs. But capable leaders can help their people get through it and avoid burnout. Continue Reading
Moving to cloud-based technology provided significant efficiency improvement to LBA Haynes Strand. The firm's experiences might be helpful to other small firms. Continue Reading
Tiffany Couch, CPA-WA, CEO and founder of Acuity Forensics, shares some lessons she's learned along the way to becoming a forensic accountant. Continue Reading