Newsletters

Audits Newsletter

  • Follow-up on equity crowdfunding: A slow and uneven start April 10, 2017 In May 2016, the Securities and Exchange Commission (SEC) began allowing private companies to raise as much as $1 million per year from everyday investors. How? The SEC approved the ...
  • Public companies to provide hyperlinks in exhibits April 10, 2017 The Securities and Exchange Commission (SEC) has approved a final rule requiring public companies to include hyperlinks to the exhibits in regulatory filings. Here are the details, including how the ...
  • What’s on (and off) the FASB’s radar? April 10, 2017 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 ...
  • Assessing going concern issues in an audit March 27, 2017 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 ...
  • Income tax disclosure proposal receives negative feedback March 27, 2017 When the Financial Accounting Standards Board (FASB) proposed adding a number of disclosure requirements to the guidance for income taxes, the board sought to balance the cost of the proposed ...
  • FASB resumes work on its hedge accounting project March 27, 2017 In January, the Financial Accounting Standards Board (FASB) went back to work on its project to simplify hedge accounting. So far, FASB members have agreed to include a number of ...
  • In pursuit of global convergence in financial reporting February 15, 2017 During her four-year term, Securities and Exchange Commission (SEC) Chair Mary Jo White expressed strong support for global accounting convergence. In January, she issued a 1,600-word statement calling for her ...
  • PCAOB says its rules override Chinese regulations February 15, 2017 Today, many companies operate in more than one country, requiring them to comply with multiple sets of rules and regulations. This can sometimes be challenging for businesses and their advisors. ...
  • Are you purchasing assets or a business? February 15, 2017 On January 5, 2017, the Financial Accounting Standards Board (FASB) published guidance to clear up the existing rules for determining whether the purchase (or sale) of an asset or group ...
  • Are you prepared for the new revenue recognition rules? September 8, 2016 This May marks the second anniversary of the publication of the landmark revenue recognition standard. But U.S. companies and their auditors have a lot of work to do before it ...