PCAOB to Consider Revising Audit Evidence Rule
The board will assess whether it should change its standard to reflect the growing use of technology-based auditing tools.
Business Optimism Rebounds From Virus Shock
"We’re digging out of a very deep hole of pessimism. Comparisons are still tracking with the years immediately following the Great Recession."
AICPA Calls for Federal Loans Backed by Accounts Receivables
The recommended lending facility would provide loans to small businesses that pledge their future receivables.
Payroll Processors, CPAs Call for Small-Business Support
“Small businesses need to make payroll now — the clock is ticking.”
Private Equity & Venture Capital Valuations Draw Scrutiny
Regulators and standard setters have increasingly turned up the heat on PE and VC managers over the past several years.
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.