Big 4 firms are meeting with FASB and SEC staff to sort out how to report certain effects of tax reform when clarity on provisions within the tax law is still elusive.
Tammy Whitehouse
Posted inAccounting & Auditing
Guidance equips companies to advance CECL adoption
Recent guidance and potentially more to come is aiding companies in their long journey to adopt the new CECL method for reflecting credit losses.
Posted inAccounting & Auditing
FASB updates guidance on cloud computing costs
Companies now have new guidance on how to account for the costs of implementing certain cloud computing service arrangements.
Posted inAccounting & Auditing
As artificial intelligence rises, let’s not forget about human intelligence
Will technology eventually replace people in the compliance space? Not anytime soon, say experts, who believe human analysis—and accountability—will never go away.
Posted inAccounting & Auditing
FASB reprises materiality language, edits disclosures
GAAP now contains a shorter list of disclosure requirements for fair-value measurements and defined benefit plans, along with a reprised definition of materiality.
Posted inAccounting & Auditing
Accountants, auditors turn to technology to cope with change
Accountants and auditors coping with an onslaught of new requirements are beginning to regard technology as a critical means of achieving compliance.
Posted inAccounting & Auditing
PCAOB issues more guidance on new audit disclosures
The PCAOB has issued more guidance to auditors about how they should comply with requirements to add new information to audit reports.
Posted inAccounting & Auditing
SEC enforcements against accountants taper, report says
SEC enforcement actions against accountants have tapered off the past few years, according to a new analysis, while PCAOB actions jumped and remained high.
Posted inAccounting & Auditing
IRS issues notice on compensation rules under tax reform
Companies are getting a little more clarity from the IRS on how to interpret provisions under tax reform affecting executive compensation.
Posted inAccounting & Auditing
FASB proposes amendments to CECL standard
The Financial Accounting Standards Board is proposing some amendments to the pending new standard on credit losses.
