Regulating an Evolving Profession: Summary of Current PCAOB Standard-Setting Activities
The quality of financial reports encourages, fosters and promotes public trust, which is an important tenet of public confidence.
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All Featured (35) For the Public (149) Tax News (538) Accounting & Auditing (248) Business & Industry News (142) Regulatory News (120) Legislative News (62) Chapter News (49) Young CPAs (91) Students (108) TSCPA Press Releases (104)Showing : 31–40 of 248
SEC Approves a New PCAOB Quality Control Standard
The Securities and Exchange Commission today approved the Public Company Accounting Oversight Board’s (PCAOB) new quality control (QC) standard and related amendments to its standards, rules, and forms.
View MoreSEC Approves New and Updated PCAOB Audit Standards and an Amendment to the PCAOB’s Contributory Liability Rule
The Securities and Exchange Commission today announced that it has approved two Public Company Accounting Oversight Board (PCAOB) proposals updating audit standards regarding general responsibilities of the auditor and use of technology-assisted analysis in conducting an audit.
View MoreFASAB Issues Technical Release 23: Omnibus Technical Release Amendments 2024: Conforming Amendments to Technical Releases 10, 16, 20, and 21
The executive director of the Federal Accounting Standards Advisory Board (FASAB) and chair of the Accounting and Auditing Policy Committee (AAPC), Monica R. Valentine, announced today the issuance of Technical Release (TR) 23: Omnibus Technical Release Amendments 2024: Conforming Amendments to Technical Releases 10, 16, 20, and 21.
View MoreTurning the Corner: FASB Updates Effective Periods Beginning After Dec. 15, 2023
As practitioners and clients turn the corner from busy season and begin planning and risk assessment in the coming months, now is a good time for a refresher on recently promulgated updates as well as current Financial Accounting Standards Board (FASB) exposure drafts and projects with exposure drafts expected soon for future planning implications.
View MoreFASB Issues New and Final Chapter of Its Conceptual Framework: Measurement
The Financial Accounting Standards Board (FASB) today issued a new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements.
View MoreFASAB Staff Issues Technical Bulletin 2024-1, Seized and Forfeited Digital Assets
The executive director of the Federal Accounting Standards Advisory Board (FASAB), Monica R. Valentine, announced today that FASAB staff has issued Technical Bulletin (TB) 2024-1, Seized and Forfeited Digital Assets.
View MorePCAOB Updates Its Standards To Clarify Auditor Responsibilities When Using Technology-Assisted Analysis
The Public Company Accounting Oversight Board (PCAOB) today adopted amendments to two PCAOB auditing standards, AS 1105, Audit Evidence, and AS 2301, The Auditor’s Responses to the Risks of Material Misstatement, addressing aspects of audit procedures that involve technology-assisted analysis of information in electronic form.
View MorePCAOB Modernizes Its Rules by Strengthening Accountability for Contributing to Firm Violations
The Public Company Accounting Oversight Board (PCAOB) today approved the adoption of an amendment to PCAOB Rule 3502, previously titled Responsibility Not to Knowingly or Recklessly Contribute to Violations.
View MoreGASB Issues Guidance to Improve Key Components of Government Financial Reports
The Governmental Accounting Standards Board (GASB) today issued guidance designed to improve key components of the financial reporting model—the blueprint for governmental financial reports.
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