Financial Statements: Impact of Tax Reform on Deferred Taxes
The Tax Cuts and Jobs Act of 2017 (the Act) was signed into law on December 22, 2017 by President Trump. While everyone has been concerned with tax planning
AICPA's Progress Toward Improving Employee Benefit Plan Audits
In 2014, the AICPA launched an initiative for improving the quality of audits by improving the overall audit process. The process for enhancing audit quality
How to Determine an Accounting Standards Effective Date for Not-for-Profit Entities
Since the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2013-12, Definition of a Public Business Entity (ASU) 2013-12,
Potential Audit Relief for Charitable Organizations Soliciting in Pennsylvania
Charitable organizations soliciting contributions in the state of Pennsylvania could see changes coming to the thresholds for audit requirements. In September,
New Revenue Recognition Rules Slowly Merging with the Transportation Industry
On May 28, 2014, the Financial Accounting Standards Board and the International Accounting Standards Board issued guidance merging U.S. Generally Accepted
The Securities and Exchange Commission (SEC) recently released Staff Accounting Bulletin (SAB) 116, which became effective last week. The primary purpose
This site uses cookies to ensure that we give you the best user experience. Cookies assist in navigation, analyzing traffic and in our marketing efforts as described in our Privacy Policy.