Latest news, events, research and insights for Audit & Accounting

Weekly Audit & Accounting e-alert for December 14, 2021
December 14, 2021

Read the full Weekly Audit & Accounting e-alert for December 14, 2021 here.

Weekly Audit & Accounting e-alert for December 7, 2021
December 10, 2021

The Financial Accounting Standards Board (FASB) is hosting a free webinar on Thursday, December 13, 2012, “IN FOCUS: FASB Update for Nonpublic Entities,” from 1 to 2:40 p.m. ET. Participants are eligible for 2 CPE credits.

Read the full alert for a summary of these key decisions, along with the latest audit and accounting information.

Weekly Audit & Accounting e-alert for November 30, 2021
November 30, 2021

FASB Update - The FASB has issued proposed amendments applicable to entities that have derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with Section 210-20-45 or Section 815-10-45 or subject to a master netting arrangement or similar agreement.

SEC Update - SEC Chairman Mary L. Schapiro announced that she will step down on Friday, December 14, 2012.

Read the full alert for a summary of these key decisions, along with the latest audit and accounting information.

Weekly Audit & Accounting e-alert for November 21, 2021
November 21, 2021

The FASB and IASB have reached decisions on significant revenue recognition issues. The boards’ decisions are tentative and subject to change. Read the full alert for a summary of these key decisions, along with the latest audit and accounting information.

Weekly Audit & Accounting e-alert for November 16, 2021
November 16, 2021

The SEC has released the Small Entity Compliance Guide and the Foreign Corrupt Practices Act (FCPA) Guide (in conjunction with the Department of Justice). Read the full alert here for more information, along with the latest accounting and audit related information.

ParenteBeard Audit and Accounting E-Alert for November 9, 2021
November 9, 2021

The Center for Audit Quality (CAQ) has released the Guide to Public Company Accounting Oversight Board (PCAOB) Inspections. The guide provides an overview of the PCAOB’s process for inspecting public company accounting firms. Read the full alert here for more information, along with the latest technical accounting and audit related information.

FASB Board Decisions
November 2, 2021

The Financial Accounting Standards Board met recently and following the discussion of a variety of topics, reached important conclusions that impact the accounting industry. For a summary of the Board’s decisions and the latest technical accounting and audit related information please read the full alert here.

FASB ASU Issues for NFPs
October 26, 2021

The Financial Accounting Standards Board issued Accounting Standards Update No. 2012-05 regarding cash flows for not-for-profit entities. For details on the ASU amendments and how they impact not-for-profit organizations and the latest technical accounting and audit related information please read the full alert here.

New Tool for Audit Committees
October 19, 2022

Led by the Center for Audit Quality, The Audit Committee Annual Evaluation of the External Auditor was recently launched. This collaborative effort provides audit committees with a tool to perform a comprehensive evaluation of their current auditors. Read the full alert here for more information, along with the latest technical accounting and audit-related information.

EITF Consensus & Consensus-for-Exposure
October 12, 2022

Several final consensuses and consensuses-for-exposure reached by the Emerging Issues Task Force (EITF) were recently ratified by the Financial Accounting Standards Board (FASB). Read the full alert here for details on the consensuses, along with the latest technical accounting and audit-related information.