Companies penalize audit firms for flagging their own weaknesses
| AICPA drafts guidance on CECL | | By Michael Cohn 2 min read | | The American Institute of CPAs’ Financial Reporting Executive Committee is offering some advice on issues related to the new credit losses standard. | |
| GASB offers implementation guide on lease accounting | | By Michael Cohn 1 min read | | The Governmental Accounting Standards Board has released questions and answers about the recent standard on accounting and financial reporting for leases by state and local governments. | |
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| FASB issues proposal to delay new standards | | By Michael Cohn 2 min read | | The board wants to give private companies, nonprofits, and certain small public companies extra time to implement new standards on CECL, leases and hedging. | |
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