SSARS 21 – Changes to Compilation, Review, and Financial Statement Preparation Engagements

  • November 15, 2015

written by Aaron Spencer Consistent with recent changes to other accounting and auditing pronouncements, the AICPA has clarified standards governing the...

New Guidelines for Not-for-Profits that Receive Federal Funds

  • November 9, 2015

written by Aaron Spencer On December 26, 2014, the White House Office of Management & Budget (OMB) implemented new federal regulations:...

AICPA Approves Clarified Standards for Reviews and Compilations

  • November 23, 2014

written by Aaron Spencer During its August meeting, the AICPA Accounting and Review Services Committee voted to approve clarified and revised...

A New Model for Revenue Recognition From Contracts with Customers

  • September 22, 2014

written by Aaron Spencer In May of this year, the Financial Accounting Standards Board (FASB) issued its new revenue recognition guidance...

Winds of Change for Lease Accounting

  • October 7, 2013

written by Aaron Spencer Leasing is an important activity for many organizations. It provides a means of gaining access to assets,...