A&A news

A&A

New GASB Toolkit Provides Resources on Pensions

A new online pension implementation toolkit from the Governmental Accounting Standards Board (GASB) supplies preparers, auditors, and users of state and local governmental financial reports with numerous resources on pension accounting and financial reporting standards.
A&A

Bramwell’s Lunch Beat: AgFeed Was Living High Off the Hog

Here are “Bramwell’s Lunch Beat” menu items for March 12.
A&A

Auditing Special Purpose Frameworks: Reviewing Prior-Year Audit Documentation

If you want to get the right answers in an audit, you have to ask the right questions, and that requires a prior-year review.
A&A

FASB Intends to Talk to Stakeholders About Fair Value Standard

The Financial Accounting Standards Board (FASB) said on Monday it will reach out to stakeholders about an accounting standard on fair value measurements, after a recent review of the standard noted that some investors found certain aspects of it challenging.
A&A

Bramwell’s Lunch Beat: Bad Day for Ex-Dewey & LeBoeuf Executives

Here are “Bramwell’s Lunch Beat” menu items for March 7.
A&A

Bramwell’s Lunch Beat: The Risks and Rewards of Interest Rate Swap Standard

Here are “Bramwell’s Lunch Beat” menu items for March 6.
A&A

Auditing Special Purpose Frameworks - Part 11: Overview of the Pre-Engagement Planning Process

Here is a table that provides a chronological approach to pre-engagement planning for audits of special purpose and other reporting frameworks. Future articles will present further details.
A&A

FASB Unveils Draft Disclosure Framework

The Financial Accounting Standards Board (FASB) on Tuesday issued an exposure draft on its proposed disclosure framework, which addresses the standard-setting organization’s process for identifying relevant information and the limits on information that should be included in notes to financial statements.
A&A

Bramwell’s Lunch Beat: Is Consulting Hurting Audit Quality?

Here are “Bramwell’s Lunch Beat” menu items for March 4.
A&A

New GAAP Hierarchy for State and Local Governments Urged by the GASB

A proposal made by the Governmental Accounting Standards Board (GASB) last week would give state and local governments new guidance to follow under US Generally Accepted Accounting Principles (GAAP) when preparing financial statements.
A&A

PCAOB to Hold Forum on Possible Changes to Auditor’s Report

The meeting, which will be held April 2 and 3 in Washington, DC, is intended to give the Public Company Accounting Oversight Board (PCAOB) an opportunity to hear feedback on its proposal to enhance the auditor's reporting model from panelists, including investors, senior executives and audit committee chairs of major corporations, and representatives from audit firms.
A&A

Bramwell’s Lunch Beat: SEC Employees Are Really Good at Stock Trading

Here are “Bramwell’s Lunch Beat” menu items for February 28.
A&A

Auditing Special Purpose Frameworks - Part 10: Planning and Performing the Audit

The effectiveness of an auditor’s planning process ultimately determines the efficiency with which an engagement can be performed. Following is an outline of some of the initial steps in planning an engagement, called the “preplanning phase.”
A&A

Bramwell’s Lunch Beat: SMBs Tout AICPA Framework

Here are “Bramwell’s Lunch Beat” menu items for February 26.
A&A

SASB Rolls Out New Standards for the Financials Sector

First, it was health care. Now the Sustainability Accounting Standards Board (SASB) has unveiled its second set of provisional accounting standards, this one for industries in the financials sector.
A&A

Overview of the AICPA’s Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs)

This webinar presents an overview of the FRF for SMEs. The materials discuss the concepts and principles in the AICPA’s new special purpose framework.
A&A

Bramwell's Lunch Beat: The SEC Is Down with Big Data

Here are “Bramwell’s Lunch Beat” menu items for February 24.
A&A

FASB Backs Variable Interest Entity GAAP Alternative

The Financial Accounting Standards Board (FASB) on February 19 green-lighted an accounting alternative that would exempt many private companies from applying variable interest entity guidance to lessor companies under common-control leasing arrangements if certain conditions are met.
A&A

Designing Internal Control Systems for Small- and Medium-Sized Entities

This webcast will focus on designing effective and practical internal control systems for smaller entities.
A&A

Auditing Special Purpose Frameworks - Part 9: Clarified Auditing Standard

CPA Larry Perry provides a step-by-step approach to performing small audits of financial statements prepared using special purpose frameworks.

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