FASB Opens Portal For Post-Implementation Reviews Of Standards

Written By: Michael Cohn The Financial Accounting Standards Board has created a web portal to offer a view of its post-implementation review process. The PIR process is an important quality control mechanism that’s built into FASB’s standard-setting process, starting after a standard has been issued. During …

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Answers To 4 Common Accounting And Auditing Questions

Written By: Ken Tysiac Recently issued FASB standards for revenue recognition, lease accounting, and the private company variable-interest entity (VIE) consolidation have led to companies’ and practitioners’ asking a host of questions about the preparation and auditing of financial statements. During the AICPA’s ENGAGE 2020 …

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How CPA Financial Planners Can Succeed With Alternative Fee Models

Written By: Courtney L. Vien When Brooke Salvini, CPA/PFS, started her own firm, she decided not to bill clients by using the traditional assets-under-management (AUM) model. The AUM model, she realized, could limit her to accepting only clients whose assets surpassed a certain threshold. “AUM …

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