Top 10 A&A Competencies and Skills Needed in 2024
Many of the skills that are important for new (and old) professionals evolve with the world in which we work.
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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 : 41–50 of 248
PCAOB Adopts New Quality Control Standard With a Risk-Based Approach Designed to Drive Continuous Improvement in Audit Quality
The Public Company Accounting Oversight Board (PCAOB) today adopted a new standard designed to lead registered public accounting firms to significantly improve their quality control (QC) systems.
View MoreFASAB Issues Statement of Federal Financial Accounting Standards 63, Omnibus Amendments 2024-1: Amending SFFAS 38, 49, and Technical Bulletin 2011-1
The chair of the Federal Accounting Standards Advisory Board (FASAB or “the Board”), George A. Scott, announced today that the Board issued Statement of Federal Financial Accounting Standards (SFFAS) 63, Omnibus Amendments 2024-1: Amending SFFAS 38, 49, and Technical Bulletin 2011-1.
View MoreFASB Issues Standard That Clarifies Accounting Guidance Related to Profits Interest Awards
The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves generally accepted accounting principles (GAAP) by adding illustrative guidance to help entities determine whether profits interest and similar awards should be accounted for as share-based payment arrangements within the scope of Topic 718, Compensation—Stock Compensation.
View MoreSEC Accepts 2024 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy
The Financial Accounting Standards Board (FASB) today announced that the U.S. Securities and Exchange Commission (SEC) has accepted the 2024 GAAP Financial Reporting Taxonomy (GRT) and the 2024 SEC Reporting Taxonomy (SRT) (collectively referred to as the “GAAP Taxonomy”).
View MoreConsidering FASB Proposed Updates on Stock Compensation (Scoping of Profits Interest Awards) and Convertible Debt Instruments
The Financial Accounting Standards Board (FASB) has several proposed Accounting Standards Updates (ASUs) at various phases of the process.
View MoreSEC Adopts Rules to Enhance and Standardize Climate-Related Disclosures for Investors
The Securities and Exchange Commission today adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings.
View MoreRecent AICPA Code of Professional Conduct Update: Focus on NOCLAR
During May 2023, the AICPA’s Professional Ethics Executive Committee released interpretive guidance entitled Responding to Noncompliance With Laws and Regulations and Ethical Conflicts (the Interpretation), which became effective on June 30, 2023.
View MoreAICPA and NASBA Approve Revisions to CPE Standards
The AICPA and NASBA recently announced they have approved revisions to The Statement on Standards for Continuing Professional Education (CPE) Programs.
View MoreFASB Releases 2024 GAAP Taxonomy
The Financial Accounting Standards Board recently announced the availability of the 2024 GAAP Financial Reporting Taxonomy and the 2024 SEC Reporting Taxonomy (collectively referred to as the “GAAP Taxonomy”).
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