On March 30th, the FASB issued ASU 2021-03, Accounting Alternative for Evaluating Triggering Events. The ASU provides an accounting alternative...
The first quarter of 2021 is a wrap. It was a light quarter for standard setting and given everything else...
The AICPA has issued a Technical Q&A to address common questions regarding what qualifies as a third party assessment and...
The AICPA’s Professional Ethics Executive Committee (PEEC) has issued an updated proposal around reporting noncompliance with laws and regulations (NOCLAR)....
The AICPA issued a very narrow proposal to add a new requirement for successor auditors to discuss suspected fraud and...
This week’s video blog continues with the discussion of the AICPA’s proposed changes to Quality Management. SQMS 2 addresses the...
By Michael Cohn The Internal Revenue Service’s audit rate went down again in 2018, according to data released Monday by...
By Jim Buttonow Behold, the IRS audit. They are rare these days. Only one out of every 184 taxpayers experienced...
By Ken Tysiac There’s some understandable concern these days about the possibility that increased use of artificial intelligence (AI) will...
By: Jeff Carlini Background FASB recently released ASU 2014-03 entitled Accounting for Certain Receive-Variable, Pay-Fixed Interest Rate Swaps-Simplified Hedge Accounting...