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Audit & Accounting

December 28, 2020

FASB proposes goodwill alternative for private cos., nonprofits

By Michael Cohn 2 min read

The change would make it easier for private companies and nonprofit organizations to evaluate a goodwill triggering event.

The SEC fires a warning shot about COVID-19 disclosures

By Erika Kelton 3 min read

A recent case is a warning that companies must disclose the financial impact of the pandemic.

Bookkeepers are embracing the role of trusted advisor

By Jeannie Ruesch 5 min read

A recent survey shows that many bookkeepers have begun offering strategic advice this year — some without even realizing it.

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Auditor best practices for busy season

Join our accounting industry thought leaders for a discussion around what best practices work the best in their firms and why.

People and firms on the move: New members at FASAC

By Daniel Hood

The Financial Accounting Foundation names new members to a major advisory board, Connecticut firms turn out for a big annual food drive, and other news from across the profession.

FASB: Don’t make big changes to the lease standard

By Ane Ohm 2 min read

While organizations would like to see improvement, the consensus is that big updates could make future implementations more confusing.

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Auditor best practices for busy season

Many firms struggle to comply with what is at the core of every audit, like identifying and responding to risks of material misstatement. That is why proactively learning good audit best practices can only be beneficial to your firm.

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ASC 842 lease accounting standard handbook →

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Continuous accounting: A smart approach to better, faster decision making →

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