FASB Gives Private Companies Breathing Room on Lease Accounting
FASB members voted unanimously to propose moving back the effective date for lease accounting and two other major new accounting standards.
AICPA Urges Delay of Lease Accounting Rules
FASB should postpone the effective date of the “significant and complex” ASC 842 for a year for private companies, AICPA says.
Execs’ Optimism About Economy Drops to 34%
Trade tensions and the China slowdown "have contributed to a sense of uncertainty and pessimism about the global economy," AICPA says.
Accountants Protecting Their Turf
Should appraisers of business assets have to be accountants? Robert Pozen says the attempt to push such a requirement is misguided.
AICPA Seeks Clarity on Meals, Other Expenses
The association asks the government for "immediate guidance" on whether business meals continue to be deductible under the new tax law.
FASB Leasing Tweak Offers ‘Big Relief’
Companies wouldn’t have to apply the new standard to 2017 and 2018 leasing results.
SEC Accountants Voice Resource Constraints
The 50 employees at the Securities and Exchange Commission’s office of the chief accountant try to keep up with technology changes like bitcoin.
Judgment Calls Stalk Revenue Recognition
Non-cash and financing components could become brain busters under the new, principles-based revenue recognition standard.
Choosing a Sound Path Forward for Cybersecurity
When it comes to cybersecurity risk management, let's pursue a flexible, principles-based approach, not one filled with layers of compliance requirements.
AICPA Warns of Executive Impersonation Scam
The association says scams in which cybercriminals send fake emails from a top executive to initiate wire transfers are becoming increasingly prevalent.
62% of Execs See Business Growth in Next Year
The AICPA finds economic optimism has stabilized, with profit expectations and employment also showing strength in the third quarter.