SAS No. 131 Reporting when Conducting an Audit using PCAOB Standards
SAS No. 131 clarifies the format of the auditor’s report that should be issued when the auditor conducts an audit in accordance the standards of the Public Company Accounting Oversight Board (PCAOB), but the audit is not under the jurisdiction of the PCAOB.
Published on January 21, 2016
Center for Plain English Accounting Alerts - 2016
The 2015 Plain-English alerts are related to the release of authoritative accounting and attest literature and implementation guides associated with monthly reports.
Published on January 14, 2016
ASU 2016-01 Accounting for Financial Instruments Recognition & Measurement
This alert informs readers of the issuance of ASU 2016-01.
Published on January 07, 2016
FASB Issues ASU 2015-17
This alert informs readers of the issuance of ASU 2015-17.
Published on November 23, 2015
ASB Issues SAS No. 130
This alert informs readers that the ASB issued SAS No. 130.
Published on October 29, 2015
FASB Issues Accounting Standards Update (ASU) 2015-16, Business Combinations (Topic 805) Simplifying the Accounting for ...
This alert informs readers that the FASB issued Accounting Standards Update (ASU) 2015-16.
Published on September 28, 2015
FASB Issues ASU 2015-11
The amendments in ASU 2015-11 require an entity to measure inventory within the scope of this ASU at the lower of cost and net realizable value.
Published on September 08, 2015
FASB Issues ASU 2015-15 Debt Issuance Costs Associated with Revolving Credit Arrangements
On August 18, 2015, the FASB issued ASU 2015-15, which adds the SEC Staff views on the presentation and measurement of debt issuance costs related to line-of-credit arrangements to the FASB ASC.
Published on August 20, 2015
FASB Issues ASU 2015-14 Effective Date of Revenue Recognition Standard Deferred
On August 12, 2015, the FASB issued ASU 2015-14, which defers by one year the effective date of ASU 2014-09, Revenue from Contracts with Customers, for all entities.
Published on August 13, 2015
FASB Issues ASU 2015-12 Three Simplifications to Accounting for EBPs
On July 31, 2015, the FASB issued ASU 2015-12, which simplifies accounting for employee benefit plans.
Published on August 03, 2015
Deferral of the Effective Date of the Revenue Recognition Standard Approved by FASB
On July 9, 2015, the FASB approved the deferral of the effective date of ASU 2014-09 for all entities by one year.
Published on July 10, 2015
DOL Report Assessing the Quality of Employee Benefit Plan Audits
The U.S. DOL EBSA issued a report indicating deficiencies in the quality of audit work with respect to audits of EBPs.
Published on June 04, 2015
FASB Issues ASU 2015-09
This alert informs readers about the issuance of FASB ASU 2015-09, Financial Services—Insurance (Topic 944): Disclosures about Short-Duration Contracts
Published on May 28, 2015
FASB Issues ASU 2015-07, Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share
This alert informs readers about the issuance of ASU 2015-07, which removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient.
Published on May 04, 2015
FASB Issues ASU 2015-04 and ASU 2015-05
This alert informs readers about the issuance of ASU 2015-04 and ASU 2015-05. ASU 2015-04 provides a benefit plan measurement practical expedient. ASU 2015-05 addresses customer's accounting for fees paid in a cloud computing arrangement.
Published on April 16, 2015