Audit

FASB Meeting on Lease Standard Looming

By Todd Lucas | April 09, 2013

For years we have been hearing of the coming changes to the lease accounting standard. The Financial Accounting Standards Board (FASB) has been revising

Construction

New Revenue Recognition Guidance - Sooner or Later?

By Eugene DeFrank | April 02, 2013

With the origin of the proposed revenue recognition standard Revenue from Contracts with Customers dating back to 2002 (with significant deliberations

Audit

FASB Fast-Tracks Proposed ASU on Fair Value Disclosures for Nonpublic Entities

By Kurt Herdman | January 16, 2013

On January 7, the Financial Accounting Standards Board (FASB) issued a proposed accounting standards update (ASU) that clarifies the scope and applicability

Audit

Proposed Revisions to Single Audit Requirements

By Trevor Warren | December 03, 2012

In March 2012, the Office of Management and Budget (OMB) issued for comment proposed guidance titled: Reform of Federal Policies Relating to Grants and

Audit

AICPA Proposes a Financial Reporting Framework for Privately Owned Small and Medium-Size Entities

By Donald Applegarth | November 06, 2012

Financial-reporting standards aimed at privately owned small and medium-size entities (SMEs) in the form of a proposed framework by the American Institute

Insights