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  • ‘Materiality’ – International vs. U.S. Standards April 9, 2019 Close-up on materiality The Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) has been discussing options to amend its definition of the term “materiality.” In May, ...
  • Say-on-pay rule actually works? April 9, 2019 Say-on-pay rule: Study shows shareholder votes may not matter How does your company’s executive compensation plan measure up? A recent study found that CEO compensation at large public companies has continued ...
  • Segment Reporting Alternatives April 9, 2019 Exploring segment reporting alternatives In February, the Financial Accounting Standards Board (FASB) discussed its ongoing project to improve how companies provide information around business segments. It doesn’t appear that a proposal ...
  • XBRL Benefits Companies, Large and Small March 12, 2019 How XBRL Benefits Companies, Large and Small Investors and accounting professionals have warned the Securities and Exchange Commission (SEC) against exempting small companies from the requirement to add interactive data to ...
  • Best Practices for Audit Committees March 12, 2019 Best Practices for Audit Committees in 2019 In January 2019, the board of the International Organization of Securities Commissions (IOSCO) published a report intended to promote audit quality. It outlines best ...
  • Using AI in Finance March 12, 2019 Is your finance team using AI? Only 11% of executives are making use of artificial intelligence (AI) and over one-third of companies spend more time collecting data than analyzing it. These ...
  • Critical Audit Matters – CAMs February 12, 2019 Identifying CAMs: The new-and-improved auditor’s report Public company auditors have been conducting test runs to help them add critical audit matters (CAMs) to the auditor’s report. To comply with this new ...
  • AICPA to Align Audit Standards with Public Company Standards February 12, 2019 The AICPA’s Auditing Standards Board (ASB) is taking steps to enhance the consistency of financial reporting between public and private companies. A new omnibus auditing standard will cover standards on ...
  • Credit Loss Standards – Phase In Option February 10, 2019 New phase-in option for credit losses standard Bank regulators have completed a rule that will allow banks to phase in the capital effect of the new credit losses accounting standard ...
  • FASB Project to Target Performance Reporting January 9, 2019 The Financial Accounting Standards Board (FASB) is in the early stages of a project to develop guidance for performance reporting. The goal is to make it easier for investors and ...
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