The auditor's report is changing, but the most controversial change - disclosure of critical audit matters - is what everyone wants to see! Read More ...
Taxes and the new lease accounting standard (ASC 842)
Jan 09, 2018Entities are getting ready to implement ASC 842, but how are tax accounts and returns impacted? This post explores the tax impacts of the new lease accounting standard. Read More ...
Get Excited About Changes to the PCAOB Auditor’s Report!
Dec 19, 2017The PCAOB auditor’s report is undergoing a much-needed facelift, providing investors more information. This post provides a summary of the exciting changes. 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 ...
PCAOB Staff Alert No. 15 – Auditing the revenue recognition standard
Oct 24, 2017The PCAOB recently released Alert No. 15, which focuses on key considerations in auditing the adoption. This post will explore those considerations. 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 ...
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 ...
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 ...