A&A news from around the web: May 27 – 31, 2019

Evolving licensure to keep the CPA credential strong
From the geopolitical landscape to advances in machine learning, there’s no shortage of outside forces that are disrupting business and the CPA profession. The AICPA is collaborating with NASBA to assess how initial CPA licensure may need to evolve to reflect emerging marketplace demands.

IASB proposes annual improvements to IFRS standards
The IASB has published proposed narrow-scope amendments to four IFRS Standards as part of its maintenance and improvements of the standards.

FASB project updates
FASB has updated the following project summaries on its website:

• Accounting for asset acquisitions and business combinations
• Financial performance reporting—disaggregation of performance information