-
IAASB issues new guidance on auditing less complex entities
The International Auditing and Assurance Standards Board (IAASB) has issued new guidance on the application of the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities.Full story -
Financial A&A news from around the web: September 2 – 6, 2024
In case you missed them, here are some recent interesting financial A&A news items from around the web.Full story -
SEC new and updated PCOAB audit standards and an amendment to the PCAOB’s contributory liability rule
The SEC has approved two PCAOB proposals updating audit standards regarding general responsibilities of the auditor and use of technology-assisted analysis in conducting an audit. The SEC also approved a proposal amending a PCAOB ethics rule governing the liability of an associated person when they directly and substantially contribute to audit firm violations.Full story -
Financial A&A news from around the web: August 26 – 30, 2024
In case you missed them, here are some recent interesting financial A&A news items from around the web.Full story -
PCAOB sees audit deficiencies level off at largest firms, but problems remain
The PCAOB has posted inspection reports for all 2023 annually inspected firms, including the six U.S. Global Network Firms (GNF).Full story -
Financial A&A news from around the web: August 19 – 23, 2024
In case you missed them, here are some recent interesting financial A&A news items from around the web.Full story -
Study: 6 out of 10 firms expect to hold finance staffing steady
While the majority of firms say they expect to hold staffing levels steady, competition for qualified professionals — especially controllers — is fierce, according to a recent Controllers Council survey.Full story -
Financial A&A news from around the web: August 12 – 16, 2024
In case you missed them, here are some recent interesting financial A&A news items from around the web.Full story -
GASB adds three new organizations to Advisory Council
GASB will soon benefit from additional stakeholder perspectives in light of a recent decision by the Trustees of the Financial Accounting Foundation (FAF) to expand the size of the Governmental Accounting Standards Advisory Council (GASAC).Full story -
Financial A&A news from around the web: August 5 – 9, 2024
In case you missed them, here are some recent interesting financial A&A news items from around the web.Full story -
FASB seeks public comment on Proposed Derivatives Scope Refinements
FASB has published a proposed Accounting Standards Update (ASU) to address stakeholder feedback related to (1) the application of derivative accounting to contracts with features based on the operations or activities of one of the parties to the contract, and (2) the diversity in accounting for a share-based payment from a customer that is consideration for the transfer of goods or services.Full story -
Financial A&A news from around the web: July 29 – August 2, 2024
In case you missed them, here are some recent interesting financial A&A news items from around the web.Full story -
FASB issues final chapter of its conceptual framework
FASB has issued a new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements. The Conceptual Framework is a body of interrelated objectives and fundamentals that provides the FASB with a useful tool as it sets standards. A Statement of Financial Accounting Concepts is nonauthoritative and does not establish or change GAAP.Full story -
Financial A&A news from around the web: July 22 – 26, 2024
In case you missed them, here are some recent interesting financial A&A news items from around the web.Full story -
Restatements remained low in 2023
Financial restatements filed with the Securities and Exchange Commission are on the decline for the second consecutive year after a spike in 2021.Full story -
Financial A&A news from around the web: July 15 – 19, 2024
In case you missed them, here are some recent interesting financial A&A news items from around the web.Full story -
PCAOB modernizes its rules by strengthening accountability for contributing to firm violations
The PCAOB has approved the adoption of an amendment to PCAOB Rule 3502, previously titled Responsibility Not to Knowingly or Recklessly Contribute to Violations. The rule, originally enacted in 2005, governs the liability of an associated person of a registered public accounting firm who contributes to that firm’s violations of the laws, rules and standards that the PCAOB enforces.Full story -
Financial A&A news from around the web: July 8 – 12, 2024
In case you missed them, here are some recent interesting financial A&A news items from around the web.Full story -
GASB publishes Post-Implementation Review Report on pension standards
GASB has published a Post-Implementation Review (PIR) report on the Board’s pension standards.Full story -
Financial A&A news from around the web: June 24 – 28, 2024
In case you missed them, here are some recent interesting financial A&A news items from around the web.Full story