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The Securities and Exchange Commission has been launching enforcement actions against various types of financial fraud schemes, with improper revenue recognition seen as the most common type of fraud, according to a new analysis.
January 12 -
The Financial Accounting Standards Board is offering a practical expedient to the current revenue recognition rules for franchise businesses.
September 21 -
The Financial Accounting Standards Board released an accounting standards update providing a one-year effective date delay for private companies and organizations to apply the revenue recognition and leases standards due to COVID-19, although they still have the option to apply the standards early.
June 3 -
The board voted Wednesday to give private companies and not-for-profit organizations an extra year to comply with the revenue recognition and leases standards.
May 20 -
The proposal would delay the effective date for one year for some private companies and nonprofits in applying the leases standard and for franchisor businesses in applying the revenue recognition standard.
April 21 -
Tod Nielsen is looking back on a year of revenue growth and leveraging his company’s relationship with Salesforce to add more features to FinancialForce's accounting software and attract customers.
February 20 -
Average audit fees increased 4.25 percent from 2017 to 2018, according to a new report.
January 15 -
CPAs should be wary of these seven client requests around revenue recognition.
January 9AICPA -
Auditing costs are going up for companies, in part due to new accounting standards for revenue recognition and leases, according to a new survey.
December 3 -
The changes mainly reflect application of the new lease accounting standard for casinos with wide area progressive slot machines.
November 20