The FASB continues to receive feedback from public companies stating that the cost of accounting for goodwill still outweighs the benefits! Read More ...
Auditing Estimates: ‘Ch-ch-ch-ch-changes, turn and face the strange!’
Oct 15, 2019Changes are coming with respect to auditing accounting estimates. We’ll discuss these key changes, reminders about professional skepticism. Read More ...
The Importance of Risk Assessment to a Quality Audit
Oct 08, 2019Our guest author this week is John Fiebig, former Senior Deputy Director at the PCAOB, leading inspections of the Global Network Firms. John shares his thoughts on risk assessment and how it contributes to audit quality. Read More ...
IFRS 16 vs ASC 842: How to Account for Low-Value Leases
Oct 01, 2019As preparers brace to implement ASC 842 and recover from implementing IFRS 16, let’s take a look at a common issue preparers face: low-value leases. Read More ...
Client Dilemma Solved: Our Recent Project with a Big 4 Member Firm
Sep 24, 2019It's difficult to get learners together for training. This post discusses our latest project to offer training in three modalities using a Panorama. Read More ...
Accounting for Initial Direct Costs Under ASC 842
Sep 17, 2019How do you account for the initial direct costs of obtaining a lease under ASC 842? Read More ...
Will you marry me? There are so many current proposals to talk about!
Sep 10, 2019While we may be wrapping up this year’s wedding season, proposals are going strong! We’re here today to provide a brief update on current FASB and SEC proposals. Read More ...
Consideration of a Significant Financing Component under ASC 606
Sep 03, 2019Did you know that ASC 606 requires consideration of a significant financing component when determining the transaction price for revenue recognition? Read More ...