Audit & Accounting

The Financial Accounting Standards Board issued the Current Expected Credit Loss (CECL) accounting standard in 2016. Since then, many questions have been raised about what it requires, particularly by financial services companies.

The Securities and Exchange Commission is exempting filers with less than $100 million in revenue from the requirement for an attestation of their ICFR by an outside auditor.

The board's ASU offers temporary optional guidance to help with the accounting for reference rate reform.

The American Institute of CPAs has debuted SOC for Supply Chain, a risk management reporting framework that CPAs can use to provide assurance services as they face risks in their supply chain ranging from coronavirus to trade to other threats.

The deal will add more talent to the Top 100 Firm's digital practice.

A proactive approach to the impact of the disease on your clients will make all the difference.

The American Institute of CPAs updated its auditor reporting standards to conform them with recently issued auditing standards.

The Financial Accounting Standards Board made some narrow improvements to different aspects of the financial instruments guidance, including the current expected credit losses standard.

The proposal involves how to define the criteria for the component units in pension plans and deferred compensation plans for state and local government employees.

Neil Fishman of the National Conference of CPA Practitioners dissects the current state of the filing season, what to expect in the run-up to April 15 -- and what's coming after that.