• PCAOB Issues Spotlight for Audits Nearing Completion in Light of COVID-19
    by CCH ARM Editorial on April 3, 2020 at 9:30 pm

    The Public Company Accounting Oversight Board (PCAOB) has released a new staff PCAOB Spotlight document, COVID-19: Reminders for Audits Nearing Completion, to provide important reminders to auditors of issuers and broker-dealers for audits nearing completion. Reasons for Issuance of the PCAOB Spotlight Explaining the decision to issue the new Spotlight, Chairman William D. Duhnke III said, The post PCAOB Issues Spotlight for Audits Nearing Completion in Light of COVID-19 appeared first on Tax & Accounting Blog.

  • GASB Issues Statement No. 93 for Transition from LIBOR
    by CCH ARM Editorial on April 3, 2020 at 9:12 pm

    The Governmental Accounting Standards Board (GASB) has issued Statement No. 93, Replacement of Interbank Offered Rates, to assist state and local governments in the transition away from existing interbank offered rates (IBORs), including the London Interbank Offered Rate (LIBOR) to other reference rates. Variable payment rates based on LIBOR Some governments have entered into agreements The post GASB Issues Statement No. 93 for Transition from LIBOR appeared first on Tax & Accounting Blog.

  • FASB Plans to Address Standard-Setting Issues During the Coronavirus
    by CCH ARM Editorial on April 2, 2020 at 5:47 pm

    The FASB is monitoring and responding to the COVID-19 (coronavirus) pandemic situation and is committed to supporting and assisting its stakeholders during this difficult time. At its meeting on April 8, 2020, the FASB is expected to discuss plans to support stakeholders as they navigate the impact of the pandemic. Discussion will include: Responses to The post FASB Plans to Address Standard-Setting Issues During the Coronavirus appeared first on Tax & Accounting Blog.

  • Wolters Kluwer’s Continuing Audit Education Adds Value
    by Joam Singh on March 31, 2020 at 1:00 pm

    The value of continuing audit education from the School of Audit During the first few months of each year our lives go on hold as we take care of our clients needs.  As auditors, we understand that. However, if you think that your employees are too busy to care about continuing audit education, think again. The post Wolters Kluwer’s Continuing Audit Education Adds Value appeared first on Tax & Accounting Blog.

  • IASB Releases Guidance on Application of IFRS 9 During Time of Uncertainty Due to COVID-19 Pandemic
    by CCH ARM Editorial on March 30, 2020 at 10:31 pm

    The International Accounting Standards Board (IASB) has released the document, IFRS 9 and COVID-19—Accounting for Expected Credit Losses Applying IFRS 9 Financial Instruments in the Light of Current Uncertainty Resulting from the COVID-19 Pandemic. Application of IFRS 9, Financial Instruments The document responds to questions regarding the application of International Financial Reporting Standard (IFRS) 9, Financial The post IASB Releases Guidance on Application of IFRS 9 During Time of Uncertainty Due to COVID-19 Pandemic appeared first on Tax & Accounting Blog.

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