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...
How did 2020 small firm net revenue compare to 2019? How are small firms adjusting their real estate footprint post-COVID?...
This week’s video blog continues with the discussion of the AICPA’s proposed changes to Quality Management. SQMS 2 addresses the...
The AICPA issued three new proposals related to quality management. The new SQM Standards will replace the extant quality control...
Goodwill Impairment Proposal FASB has issued a proposal to adjust the timing for when private entities and nonprofits would be...
This week’s podcast focuses on the following items: Final small business accounting method regulations issued User fee for estate tax...