Newsletters

Audits Newsletter

  • 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 ...
  • How should the SEC define “accredited investors”? September 8, 2016 Investor groups and private businesses are at odds over who can invest in unregistered offerings. A recent report has stoked the fire, as the Securities and Exchange Commission (SEC) explores ...
  • FASB launches its goodwill simplification project for public companies September 8, 2016 On May 12, the Financial Accounting Standards Board (FASB) issued a proposal to simplify the measurement of goodwill impairments by removing the current requirement for measuring them. Here’s more on ...
  • FASB defers controversial credit loss standard September 8, 2016 The Financial Accounting Standards Board (FASB) has approved publication of its final standard for writing down bad loans and securities. It’s expected to be finalized by the end of June. ...
  • When will the FASB issue its proposal on income tax disclosures? September 8, 2016 The Financial Accounting Standards Board (FASB) recently decided to start drafting its long-awaited proposal on income tax disclosures. Despite the board’s general efforts to streamline the disclosure requirements under U.S. ...
  • AICPA issues clarified attestation standard September 8, 2016 The Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) recently issued its attestation guidance in a new, clarified format. Here are more details on what’s ...
  • Redefining “small” for public companies September 8, 2016 Do you feel overwhelmed by the regulatory red tape that comes with being publicly traded? Relief may be in the works for some companies. The Securities and Exchange Commission (SEC) ...