Auditor 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 ...
GAAP Flash – Leases, SEC Enforcements, and Social Media – 06.30.17
Jun 30, 2017This week’s GAAP Flash focuses on the new lease accounting standard (ASC 842), SEC enforcement trends, and leveraging the use of social media. Read More ...
New Lease Accounting Standard (ASC 842 and IFRS 16): CAM and Taxes
Jun 27, 2017This post discusses the accounting for common area maintenance charges (CAM) and property taxes under the new lease accounting standard (ASC 842 and IFRS). Read More ...
GAAP Flash – Fraud, Management Bias and Poor Governance – 06.23.17
Jun 23, 2017This week’s GAAP Flash focuses on fraud detection, management bias skepticism, poor governance at Toshiba, and the crisis at Fujifilm Read More ...
Top 5 Financial Statement Areas of Focus per PCAOB Inspection Reports
Jun 20, 2017Don’t guess which financial statement areas the inspectors will review! This post gives you a top 5 “hit list” per review of PCAOB inspection reports! Read More ...
GAAP Flash – SEC Hot Topics, ASC 842, and SOX Compliance - 06.16.17
Jun 16, 2017This GAAP Flash discusses the decrease in financial restatements, the new leasing standard (ASC 842), audit documentation tips, and SOX compliance. Read More ...
Learn from PCAOB Inspection Reports: Auditing Accounting Estimates (AS 2501)
Jun 13, 2017Auditing accounting estimates (AS 2501), including fair value measurements, continues to be a top deficiency noted in PCAOB inspection reports. Read More ...
GAAP Flash – ASC 606, CPA Ethics, PCAOB Inspection Reports - 06.09.17
Jun 09, 2017This GAAP Flash discusses implementation of ASC 606 in the workplace, Walmart’s new delivery scheme, CPA ethics, and PCAOB inspection report changes. Read More ...