Accounting standards

Ceterus has debuted Ceterus Tax, a managed tax service for small businesses.

The Financial Accounting Standards Board issued a one-page Q&A document Thursday from its staff letting private companies and nonprofits apply recent staff guidance from the Securities and Exchange Commission on the tax accounting implications of the recently passed Tax Cuts and Jobs Act and plans future Q&A documents, along with an accounting standards update.

Audit committees at public companies will have plenty on their agendas this year, according to a pair of new reports from KPMG, including new accounting standards, the new tax law, cyber security and more.

Revenue recognition is one of the accounting topics most examined by investors and regulators.

Marisa Garcia, managing director of CohnReznick Advisory, discusses what companies should be doing to prepare for the new revenue recognition standard.

The partnership forms an integrated financial and HR solution.

Marisa Garcia, managing director of CohnReznick Advisory, discusses what companies need to know about FASB's new revenue recognition standard and what they should do about it.

A little-known new professional standard speaks to accountants’ responsibilities when they uncover client noncompliance with laws and regs. Audit Conduct’s Cathy Allen unpacks the details.

The changes would simplify some of the transition requirements and offer lessors a practical expedient for separating nonlease from lease components.

If you have reservations about the new expected credit loss model for financial instruments, let’s take a high-level look at the guidance and try to answer some immediate questions.

If you’re a bookkeeper, it’s time to embrace evolution.

Auditing firms cannot be expected to root out evil, or to conduct full forensic investigations.

RSM partner Rich Stuart dives into the potential impact of FASB’s incoming standard for leases.

Shares of Steinhoff International Holdings NV rose after the South African retail giant said it will restate financial results going back as far as 2015 amid a probe into accounting irregularities.

The board’s staff are offering additional information on determining auditor tenure.

Special guest columnist Dr. Tom Selling remembers the extraordinary contributions of the former SEC chief accountant.

The AICPA’s framework for financial reporting could save the audit.

Thomson Reuters’ Checkpoint Catalyst research service has added guidance on the Financial Accounting Standards Board’s new impairment rules requiring companies to recognize estimated credit losses sooner.

The Financial Accounting Standards Board has made available the 2018 GAAP Financial Reporting Taxonomy along with the 2018 SEC Reporting Taxonomy, pending final acceptance by the Securities and Exchange Commission.

The Public Company Accounting Oversight Board said Wednesday it has imposed a $1.5 million civil penalty against Grant Thornton LLP and censure the firm for violations of quality control standards and for audit failures.