This post explores ASU 2018-01, which provides clarification for the accounting for land easements under the new lease accounting standard, ASC 842. Read More ...
Going Concern: It’s not just for auditors anymore!
Nov 28, 2017The going concern principle has received attention from regulators in the past few years, receiving updates from both the FASB and the AICPA. Read More ...
Trick or Treat –Pros & Cons of Microlearning (continued)
Oct 31, 2017This post concludes on the pros and cons of microlearning, as we see it, as discussed at the 2017 DevLearn Conference. Read More ...
DevLearn Preview – Pros & Cons of Microlearning
Oct 10, 2017The Next Big Thing is Small: Pros & Cons of Microlearning Read More ...
It’s Auditor Independence Day at GAAP Dynamics!
Jul 04, 2017Auditor independence is not a new issue, but it continues to draw the scrutiny of the PCAOB, AICPA and other regulators of audit firms. Read More ...
Cheer for the Related Party Audit Standard (AS 18 / AS 2410)
Apr 25, 2017Are you doing enough to audit related party transactions? This post explores the requirements set out in PCAOB AS 18 (reorganized under AS 2410). Read More ...
Lease Disclosures: Stepping it up from ASC 840 to ASC 842
Apr 19, 2017The disclosure requirements under current U.S. GAAP for leases (ASC 840) aren’t terribly insightful, but this is about to change under the new lease accounting standard (ASC 842). Read More ...
GAAP FLASH – Going Concern, Social Media and Accounting – 04.14.17
Apr 14, 2017This week’s GAAP Flash investigates Toshiba as a going concern, SEC enforcement and disclosures, and social media and accounting. Read More ...