Accounting Standards Executive Committee Comment Letter
...The Accounting Standards Executive Committee of the American Institute of Certified Public Accountants (AcSEC) has reviewed the Exposure Draft of the proposed FASB Statement, Accounting for Transfers of Financial Assets, an amendment...
Published on July 11, 2011
Fight to Win Independent Standard Setting Board for Private Company Financial Reporting Will Continue
The CPA Advocate: October, 2011. The Financial Accounting Foundation’s proposal, Plan to Establish the Private Company Standards Improvement Council, rejected one of the two major recommendations of the Blue Ribbon Panel on Standard Setting for Private Companies
Published on March 02, 2012
Convergence of International and US Accounting Principles and IFRS
International Financial Reporting Standards (IFRS) set by the International Accounting Standards Board (IASB) in London is a response to worldwide demand from regulators, investors, businesses, and auditing firms for a single set of...
Published on April 17, 2014
Litigation Pleading Standards
AICPA Position Congress is considering the Notice Pleading Restoration Act, S. 1504, introduced by Senator Arlen Specter, a Pennsylvania Democrat, and Open Access to Courts Act, H.R. 4115, introduced by Representative Jerrold Nadler, a New York
Published on March 02, 2010
Audit, Attest, and Quality Control ASB Comment Letters
ASB comment letter to other organizations.
Published on September 15, 2014
House Passes Bill Establishing National Standard for State Income Taxes on Nonresident Employees
The CPA Advocate: June, 2012. Passage of the Mobile Workforce bill is a a critical step forward toward establishing a uniform national standard governing the withholding of state income taxes for nonresident employess
Published on June 14, 2012
AICPA Urges Relief from More-Likely-Than-Not Standard
AICPA is actively pursuing both legislative and regulatory relief from the more likely than not preparer penalty standard
Published on March 04, 2010
TIC Shares Private Company Perspective on Pushdown Accounting with FASB
The CPA Advocate: October, 2014. An authoritative pushdown accounting standard is being drafted, following an October 8 vote by FASB to approve a final standard to apply pushdown accounting when a change-in-control event has occurred
Published on October 21, 2014
September 8, 2010, ASB comment letter on Exposure Draft Proposed International Standard on Assurance Engagements 3420, A...
The ASB comments on Exposure Draft: Proposed International Standard on Assurance Engagements 3420, “Assurance Reports on the Process to Compile Pro Forma Financial Information Included in a Prospectus
Published on September 09, 2010
FASBs Exposure Draft of a proposed Accounting Standards Update (ASU) Leases (Topic 840)
The Financial Reporting Executive Committee (FinREC) of the American Institute of Certified Public Accountants (AICPA) offers its comments on the FASB’s and IASB’s (the boards) draft standard on leases, as presented in the FASB’s Exposure Draft of a proposed Accounting Standards Update (ASU) Leases (Topic 840). The AICPA support the
Published on July 11, 2011