PCAOB to Form Two New Advisory Groups
The Public Company Accounting Oversight Board recently announced the creation of two new advisory groups, the Investor Advisory Group and the Standards and Emerging Issues Advisory Group.
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IPSASB Issues New Standard on Leases
The International Public Sector Accounting Standards Board recently issued International Public Sector Accounting Standard 43, Leases.
View MoreSEC Proposes Expansion of Reporting Requirements for Private Funds, Trading Platforms
The Securities and Exchange Commission recently voted to issue two proposals that would require segments of the market to disclose more financial information more frequently and Alternative Trading Systems that trade Treasuries and other government securities to register with the SEC.
View MoreOMB Issues Memorandum on Zero-Trust Strategy for Federal Agencies
The U.S. Office of Management and Budget recently issued a memorandum detailing a zero-trust architecture strategy, requiring federal agencies to meet specific cybersecurity standards and objectives by the end of fiscal year 2024.
View MoreSEC Considering Significant Changes to Cybersecurity Rules
The Securities and Exchange Commission recently revealed that it is considering expanding cyber risk management rules to third-party service providers and making changes to how companies provide public company disclosures related to cybersecurity.
View MoreOMB Issues New Guidance on Single Auditing for Pandemic Relief Programs
The Office of Management and Budget recently issued Addendum No. 1 to the 2021 Compliance Supplement, providing guidance for auditing funds received from the Coronavirus State and Local Fiscal Recovery Fund and an update to the Education Stabilization Fund program section.
View MoreLicense Renewal Reminder From the Tennessee State Board of Accountancy
A license to practice public accountancy in the State of Tennessee is issued for a two-year period. In order to facilitate the processing of renewals, odd-numbered licenses are renewed in odd-numbered years and even-numbered licenses are renewed in even-numbered years.
View MoreAICPA and NASBA Publish Revised CPA Evolution Model Curriculum
The AICPA and NASBA recently published a revised CPA Evolution Model Curriculum in response to feedback from members of the profession who have used the curriculum resource published earlier in the year.
View MoreGASB Issues Pronouncement Renaming the Comprehensive Annual Financial Report
The Governmental Accounting Standards Board recently issued a pronouncement, Statement 98, that changes the name of the most extensive report prepared following its standards to the annual comprehensive financial report.
View MoreTennessee Licensure Renewals Begin Nov. 2 for Licenses Expiring Dec. 31, 2021
The Tennessee State Board of Accountancy is reminding CPAs, PAs and firms that licensure renewals begin on Nov. 2, 2021, for licenses expiring Dec. 31, 2021.
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