We’ve reviewed PCAOB inspection reports of annually inspected firms. Why? To help you improve audit quality and reduce those pesky audit deficiencies! Read More ...
GAAP Flash – ASC 606, PCAOB AS 5, PCAOB Inspection Reports – 04.07.17
Apr 07, 2017This GAAP Flash includes discussion of the new revenue standard (ASC 606), material weakness in ICFR (PCAOB AS 5), and PCAOB inspection reports. Read More ...
Principal vs Agent? GAAP Revenue Recognition Criteria (ASC 606)
Apr 04, 2017Using a "real-life" example, this post explores the new GAAP revenue recognition criteria related to principal vs agent determination under ASC 606. Read More ...
GAAP Flash – Going Concern, Dodd-Frank & FX Volatility – 03.31.17
Mar 31, 2017Hedge accounting changes expected soon, Dodd-Frank, going concern, and FX volatility impacts on the market are covered in this week’s GAAP Flash. Read More ...
New Lease Accounting Standards for Lessors: ASC Topic 842 & IFRS 16
Mar 28, 2017This blog post captures some of the similarities and differences between the new lease accounting standards (ASC 842 and IFRS 16) for lessors. Read More ...
GAAP Flash – ASC 326 (CECL), PCAOB AS 5 and Other News – 03.24.17
Mar 24, 2017This week’s GAAP Flash discusses implementing ASC 326 (CECL Model), disclosing a material weakness (PCAOB AS 5), and other news applicable to CPAs. Read More ...
Don’t Be a Control Freak! Revenue Recognition Criteria (ASC 606)
Mar 21, 2017The revenue recognition criteria within ASC 606 and IFRS 15 focuses on control (as opposed to risks and rewards), but does it matter? Read More ...
GAAP Flash – ASC 606, ASC 718 and Accounting Fraud – 03.17.17
Mar 17, 2017This week’s GAAP Flash includes articles about revenue recognition (ASC 606), financial reporting, ASC 718, and accounting fraud. Read More ...