FASB members voted unanimously to propose moving back the effective date for lease accounting and two other major new accounting standards.
FASB should postpone the effective date of the “significant and complex” ASC 842 for a year for private companies, AICPA says.
Trade tensions and the China slowdown "have contributed to a sense of uncertainty and pessimism about the global economy," AICPA says.
Should appraisers of business assets have to be accountants? Robert Pozen says the attempt to push such a requirement is misguided.
The association asks the government for "immediate guidance" on whether business meals continue to be deductible under the new tax law.
Companies wouldn’t have to apply the new standard to 2017 and 2018 leasing results.
The 50 employees at the Securities and Exchange Commission’s office of the chief accountant try to keep up with technology changes like bitcoin.
Non-cash and financing components could become brain busters under the new, principles-based revenue recognition standard.
When it comes to cybersecurity risk management, let's pursue a flexible, principles-based approach, not one filled with layers of compliance requirements.
The association says scams in which cybercriminals send fake emails from a top executive to initiate wire transfers are becoming increasingly prevalent.
The AICPA finds economic optimism has stabilized, with profit expectations and employment also showing strength in the third quarter.
Nineteen percent of business executives surveyed by the AICPA say their organizations are ready to hire immediately, up from 15% last quarter.
