What do the 2017 PCAOB inspection reports reflect? How does the deficiency rate compare to prior years? Which are the top deficiency areas? Read More ...
Updated eBook hot off the presses: Learn from PCAOB Inspection Reports
Aug 06, 2019Just released: Our eBook, Learn from PCAOB Inspection Reports – Your Prescription for Better Audits, includes new stats and a forward from ADIGEO LLC. Read More ...
Clarification of Lessee Discount Rates for Leases under ASC 842
Apr 16, 2019This post explores whether lessees should use the rate implicit in the lease or their incremental borrowing rate when applying ASC 842 to leases. Read More ...
What readers of the financial statements need to know about the TCJA!
Apr 09, 2019The accounting for the Tax Cuts and Jobs Act (TCJA) is done, but as a reader of financial statements, can you recognize changes due to the 21% rate? Read More ...
Clarification of collaborative arrangements under ASU 2018-18 is here!
Nov 20, 2018The FASB has issued ASU 2018-18, which clarifies the accounting for collaborative arrangements (ASC 808) and revenue recognition under ASC 606. Read More ...
Clarifying guidance for contributions under ASC 958 has arrived!
Jul 17, 2018The FASB has issued ASU 2018-08, which clarifies whether a transaction should be accounted for as an exchange (ASC 606) or a contribution (ASC 958). Read More ...
To buy or not to buy? Accounting for warranties under ASC 606
May 29, 2018The type of warranty matters under the new revenue recognition standard (ASC 606). Let us walk you through the process of accounting for warranties! Read More ...
FCPA Training Could Save You Millions!
Apr 10, 2018Paying bribes has serious consequences. This post provides an overview of the rules and a link to a free FCPA training course to ensure compliance. Read More ...