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New GASB guide addresses fiduciary activities

  • June 19, 2019

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

ASB enhances communication in auditors’ reports

  • May 29, 2019

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

SEC OKs 2019 GAAP reporting taxonomy

  • March 14, 2019

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