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GASB Proposes New Implementation Guidance to Assist Stakeholders With Application of Its Pronouncements
The Governmental Accounting Standards Board (GASB) today proposed implementation guidance containing questions and answers intended to clarify, explain, or elaborate on certain GASB pronouncements. The Exposure Draft, Implementation Guidance...
Financial Accounting Standards Board Opens Search for Technical Director
The Financial Accounting Standards Board (FASB) announced today that it has opened a formal search process to hire the next FASB technical director. The technical director serves as the principal advisor to the FASB chairman and Board. The...
FASB Seeks Public Comment on Proposal to Delay Effective Dates for Private and Certain Public Companies and Organizations
The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update (ASU) that would grant private companies, not-for-profit organizations, and certain small public companies additional time to implement FASB...
Top influencing skills accountants need
Words such as “influence”, “communications” and “emotion” don’t readily slot into the everyday vernacular, let alone the working tasks, of most management accountants. Yet, increasingly they’re all broader skill sets that are being built into...
3 tips to help your clients with revenue recognition implementation
Public companies adopted the new guidance in 2018, and soon private companies will get their turn. The guidance is effective for private entities in 2019 for annual reporting periods, and in 2020 for interim periods. Here are a few key things...
Why the CPA licensure process could change
This episode addresses how and why CPA licensure requirements might evolve as a result of the technological revolution that’s transforming the accounting profession. The episode’s guest is Carl Mayes, the associate director for CPA Quality and...
State issues warning about small business ‘Connecticut Certificate of Existence’ mailing scam
The mailing suggests that Connecticut businesses must pay a fee of $112.50 to CT Certificate Service in order to obtain copies of their "Connecticut Certificate of Existence."
Podcast: A closer look at continuing threats to CPA licensure
Ideanomics unveils virtual fly-through of $400M Fintech Village
The new owner of UConn’s former West Hartford campus, Ideanomics, has unveiled a more detailed look at its vision for a massive development called Fintech Village. With remediation of polychlorinated biphenyls now underway, and asbestos cleanup...
FASB to propose delaying effective dates for 4 major standards
FASB plans to propose delaying effective dates for four key standards for certain groups of financial statement preparers after a series of votes taken at a board meeting Wednesday. The plan to delay effective dates for certain companies for...