Auditing May 15, 2026
Group Audits: Why Complexity Persists and Why Judgment Still Matters Most
Under new, risk-based standards, group auditors still face critical judgements about complex matters.
Accounting January 9, 2025
FAF Looks to Fill Key Leadership, Advisory Roles
The open positions include chair and members of the Financial Accounting Foundation board of trustees, FAF executive director, a Financial Accounting Standards Board member, and chair of the Financial Accounting Standards Advisory Council.
Financial Reporting January 7, 2025
Two Wipfli Reports Show Growth and Confidence for Banks and Credit Unions in 2025
Based on the extensive data, the surveyed financial leaders describe challenges such as cybersecurity, talent shortages and digital transformation maturity as continuing to shape strategies and priorities in 2025.
Accounting Standards January 6, 2025
FASB Clarifies Interim Effective Date of New Disaggregation Standard for Some Companies
The Accounting Standards Update clears up confusion on the interim effective date of FASB's new disaggregation of income statement expenses standard for public business entities that don't have an annual reporting period ending on Dec. 31.
Accounting Standards January 3, 2025
FASB Seeks Input on Future Standard-Setting Agenda Priorities
The Financial Accounting Standards Board published an invitation to comment on Jan. 3 that gives stakeholders the opportunity to provide feedback on the board's future standard-setting agenda.
Accounting Standards December 23, 2024
FASB Invites Comments on Intangibles
The invitation to comment is intended to explore ways the FASB can improve this area of financial reporting, which includes the accounting for acquired and internally developed intangibles.
Financial Reporting December 19, 2024
AICPA Releases Statement Expressing Optimism of Possible Delay for BOI Reporting
Following the release of language in the proposed continuing resolution relating to the beneficial ownership information reporting requirement, the American Institute of CPAs (AICPA) released the following statement.
Accounting Standards December 17, 2024
FASB Looks to Make Improvements to the Accounting for Environmental Credits and Environmental Credit Obligations
The proposed ASU provides recognition, measurement, presentation, and disclosure requirements for all entities that purchase or hold environmental credits or have a regulatory compliance obligation that may be settled with environmental credits.
Accounting December 12, 2024
Survey Emphasizes the Importance of AI in the Future of the Controllership Function
The report concluded that Generative AI has the potential to reduce the burden of human interaction for many types of tasks, freeing up a workforce for higher productivity and space for more ambitious strategies.
Small Business December 6, 2024
AICPA Releases Statement on BOI Injunction, FinCEN Appeal
A federal court in Texas has issued an injunction barring enforcement of the Corporate Transparency Act and BOI reporting, until the case is resolved.
Financial Reporting December 5, 2024
Federal Court Blocks Enforcement of Corporate Transparency Act and BOI
A new federal law that would require most LLCs, corporations and partnerships to file disclosures with the Treasury Department, including Beneficial Ownership Information, has been halted by a Texas federal judge.
Accounting Standards December 3, 2024
FASB Targets Credit Losses for Accounts Receivable, Contract Assets in Proposed ASU
The proposal addresses challenges with applying CECL to current AR and contract assets arising from revenue transactions.
Accounting Standards November 25, 2024
GASB Proposes Guidance on Subsequent Events
The proposal defines subsequent events and provides note disclosure requirements in order to reduce diversity in practice.