GLS Blog: AICPA Fraud Risk Frameworks
The AICPA has provided a Fraud Risk Framework document to help CPAs and their clients visualize the types of fraud...
GLS Blog: TQA for New COVID19 Funds
The AICPA has issued a TQA addressing questions about how for profit and nonprofit entities account for the new restaurant...
GLS Blog: GASB: Re-exposure Notes to Financial Statements
Governmental Accounting Standards Board (GASB) issued a REVISED exposure draft regarding Notes to the Financial Statements. This is in preparation...
GLS Blog: FASB’s Agenda Consultation
Have you ever wanted to influence the topics that FASB covers in its standard setting? Well, now here’s your chance....
GLS Blog: FASB ED: Discount Rate for Nonpublic Lessees
FASB has issued an exposure draft regarding the use of the discount rate alternative offered to nonpublic entities. After receiving...
GLS Blog: Accounting Changes and Error Corrections
GASB has issued an exposure draft, Accounting Changes and Error Corrections an amendment of GASB Statement No. 62, to update...
GLS Blog: ASU 2021-03 Issued
On March 30th, the FASB issued ASU 2021-03, Accounting Alternative for Evaluating Triggering Events. The ASU provides an accounting alternative...
GLS Blog: Q1 2021 in Review
The first quarter of 2021 is a wrap. It was a light quarter for standard setting and given everything else...
GLS Blog: Third Party Assessments
The AICPA has issued a Technical Q&A to address common questions regarding what qualifies as a third party assessment and...
GLS Blog: Proposed NOCLAR Ethics Interpretation
The AICPA’s Professional Ethics Executive Committee (PEEC) has issued an updated proposal around reporting noncompliance with laws and regulations (NOCLAR)....
