Stay relevant with the latest technical accounting and financial reporting developments from the FASB, SEC, AICPA and other regulatory bodies.
In April 2016, the Accounting Standards Board (ASB) released the Statement on Standards for Attestation Engagements No. 18 (SSAE 18) Attestation Standards: Clarification and Recodification. This release is a revised set of standards that practitione ...Explore
FASB Proposes Improvements to the Accounting for Implementation Costs of Cloud Computing Arrangements
The FASB issued a proposed Accounting Standards Update (ASU) which clarifies the accounting for implementation costs related to a cloud computing arrangement (also known as a hosting arrangement) that is a service contract. If adopted as proposed, th ...Explore
The FASB has issued Accounting Standards Update (ASU) No. 2018-03, Technical Corrections and Improvements to Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, that clarifies ...Explore
On Tuesday, February 20, 2018, the SEC voted unanimously, approving a statement and interpretive guidance to assist public companies in preparing disclosures about cybersecurity risks and incidents. Jay Clayton, SEC Chairman said: “In todayR ...Explore
The FASB issued a proposed Accounting Standards Update (ASU) which would expand the list of U.S. benchmark interest rates permitted in the application of hedge accounting. Comments are due March 30, 2018. FASB Accounting Standards Codification Topic ...Explore
On 5 January 2018, the Financial Accounting Standards Board (“FASB”) issued a proposed Accounting Standards Update (ASU) intended to reduce costs and assist in simplifying the effects to entities as it relates to the implementation of the new lea ...Explore