Proposed AICPA Framework Accounting By Small & Medium-Sized Entities
December 5, 2012 On November 1, 2012, the AICPA released an exposure draft of the much-anticipated private company financial reporting framework, entitled Financial Reporting Framework for Small and Medium-Sized Entities [FRF-SMEs]. As proposed, the F
Published on December 05, 2012
Controversy Over the Applicability of the Disclosure Requirement of Open Tax Years Unintended Consequences and Lessons f...
This report covers the applicability of a seemingly benign, but ambiguous, disclosure requirement of FIN 48 to provide a description of tax years open to examination
Published on March 18, 2015
Changes to the Auditors Risk Assessment in Light of the Updated COSO Internal Control Framework
Many auditors will need to reconsider or change their risk assessment procedures in light of the updated COSO Internal Control Framework.
Published on December 17, 2014
Changes Ahead for Revenue Recognition
Most of the authoritative literature provides industry or transaction-specific implementation guidance, and was developed largely on an ad hoc basis and issued in numerous pronouncements.
Published on December 22, 2010
Designing Analytical Procedures in a Review Engagement
In performing the inquiry and analytical procedures for a review engagement, it is important to understand that these performance requirements are not to be performed in a “mechanical” manner.
Published on July 07, 2010
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