What’s on (and off) the FASB’s radar?

The Financial Accounting Standards Board (FASB) isn’t planning to issue any major accounting standards updates in 2017, because it wants companies to focus on implementing the new leasing and revenue recognition standards. Instead, the board is fine-tuning certain...

Assessing going concern issues in an audit

The Auditing Standards Board (ASB) has unanimously voted to issue a final going concern standard. This standard will align the AICPA’s auditing guidance with accounting guidance issued by the Financial Accounting Standards Board (FASB) in 2014. Here’s a closer look at...