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 …
Written By: Ken Tysiac FASB issued a new standard Wednesday that is designed to simplify financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity. The board reduced the number of accounting models for convertible debt instruments and convertible preferred …
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 …
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 …
Samrawit Yohannes
