The Governmental Accounting Standards Board issued an exposure draft on how to account for transactions that occur after the date of the financial statements.
Category: NYT Accounting News
FASB reviews impact of revenue recognition standard
The Financial Accounting Standards Board released a post-implementation review of its rev rec standard a decade after its implementation.
Tax Fraud Blotter: Partners in crime
Captive audience; some disagreement; game of 21; and other highlights of recent tax cases.
On the move: KSM hired director of IT operations
Hannis T. Bourgeois celebrates 100 years with charitable initiative; KPMG and Moss Adams release surveys; and more news from across the profession.
AICPA wary of new PCAOB firm metrics standard
The American Institute of CPAs is still concerned about the Public Company Accounting Oversight Board’s new firm and engagement metrics standard, despite some modifications from the original proposal.
Board members need more audit and finance skills
Audit and finance skills are heavily in demand on corporate boards, according to a survey by BDO.
ACFE marks International Fraud Awareness Week
More than 1,400 organizations across the world are educating their communities about the threat of fraud and scams and how to stay safe.
PCAOB adopts far-reaching metrics and reporting standards
The Public Company Accounting Oversight Board voted to adopt new requirements to report on various metrics for the firm and its engagements.
Private equity isn’t a silver bullet
PE brings a lot to accounting, but it’s not for everyone, say experts at Accounting Today’s PE Summit.
The impact of the ‘racial will gap’ on wealth
A new study shows how the estate planning work of financial advisors carries a direct connection to reducing disparities over time.