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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”).
View MoreThe Financial Accounting Standards Board recently issued an Accounting Standards Update that addresses requests for improved income tax disclosures from investors, lenders, creditors and other allocators of capital that use the financial statements to make capital allocation decisions.
View MoreThe Federal Accounting Standards Advisory Board recently announced it has issued Statement of Federal Financial Accounting Standards 62: Transitional Amendment to SFFAS 54.
View MoreThe Financial Accounting Standards Board recently issued a final Accounting Standards Update intended to improve disclosures about a public entity’s reportable segments and address requests from investors and other allocators of capital for additional, more detailed information about a reportable segment’s expenses.
View MoreAs we navigate an environment with rapidly changing technological advancements, the audit world will need to integrate artificial intelligence (AI) into its approach to enhance accuracy, efficiency and insight.
View MoreDisclosures are an important and necessary component of financial reports. Disclosures support financial statements with relevant and necessary information. Disclosures are one of the primary means of understanding and explaining the numbers on the face of the financial statements.
View MoreThe Federal Accounting Standards Advisory Board recently announced its approval and issuance of Federal Financial Accounting Technical Release 22: Leases Implementation Guidance Updates.
View MoreThe Securities and Exchange Commission recently adopted rule amendments governing beneficial ownership reporting under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934.
View MoreThe Financial Accounting Standards Board recently issued an Accounting Standards Update that incorporates certain U.S. Securities and Exchange Commission disclosure requirements into the FASB Accounting Standards Codification®.
View MoreThe AICPA Professional Ethics Executive Committee recently approved revisions to align the Code of Professional Conduct with international standards on attest client fees as well as clarify members' ethical responsibilities when collaboration for professional qualifications and competencies oversteps into cheating.
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