FASB Proposes 3 Targeted Lease Accounting Changes

Written By: Ken Tysiac FASB issued a proposal Tuesday that is designed to improve three targeted areas of its lease accounting guidance. The proposed amendments are designed to represent FASB’s commitment to take timely action based on what the board learns during its post-implementation review process of …

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Direct Examination Engagement Created By SSAE No. 21

Written By: Ken Tysiac Practitioners will be able to perform a new engagement known as a direct examination for clients under a new standard published Wednesday by the AICPA Auditing Standards Board (ASB). Statement on Standards for Attestation Engagements (SSAE) No. 21, Direct Examination Engagements, …

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How Auditors Can Enhance The Reliability Of Non-GAAP Reporting

Written By: Ken Tysiac Engaging external auditors to perform procedures outside the financial statement audit related to non-GAAP financial measures or key performance indicators (KPIs) can raise public confidence in this information, according to a Center for Audit Quality (CAQ) report issued Tuesday. In an …

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