This post explores the impact of revenue recognition accounting under ASC 606 on income taxes.
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Selling a major asset or discontinuing a business operation? This post explores accounting for assets held-for-sale and discontinued operations (IFRS 5).
Specialists are used often in audits. This post explores what a specialist is, how they are used and the auditor’s requirements under PCAOB auditing standards.
Avoid recording deferred tax liabilities for foreign earnings? This post explores an exception found in ASC 740 commonly known as the APB 23 exception.
Intrigued by how to account for insurance companies and insurance contracts? This post explores the insurance industry-specific guidance found in ASC 944.
How do you account for a financial asset with deteriorated credit quality? ASC 326 and IFRS 9 have guidance for credit impaired assets, but they differ!
Discover the key findings from the 'other' parts of PCAOB inspection reports. Gain insights into audit standards and quality control.
Curious which PCAOB auditing standards have the most deficiencies cited in PCAOB inspection reports? This post features the top 5.
SAS 145 requires auditors to “stand-back” and assess material transactions, accounts, and disclosures that haven’t been deemed as significant.
Issues in the banking industry have left many asking “why?” Let's refresh the classification and measurement of debt securities under ASC 320.
This blog shares our insights and conversations about accounting, auditing, and training matters. It is hosted by GAAP Dynamics
