While the FASB continues to work on updating GAAP, they have also been diligently working on filling in the gaps in the conceptual framework. This proposal would add chapter [...]
After its post-implementation review, the FASB has proposed some updates to the current segment reporting requirements including requiring those entities with only one segment to provide disclosures. It also [...]
FASB has issued a new ASU relating to supplier finance programs. Prior to this ASU, there was no explicit disclosure requirements and users requested more understanding of these types [...]
Originally posted on David's Accountable Blog It has often been said that you never get a second chance to make a first impression. While no one is quite sure [...]
The initial guidance for 529 plans was issued back in 2005. Since then, there has been significant changes to how plans are run. The AICPA's Professional Ethics Executive Committee [...]
Quarter 3 of 2022 is in the books. We'll review the accounting and auditing (and ethics) standards issued by standard setters this quarter. What would you like to see [...]
This week on Accountable, New Business Considerations Starting a new business is overwhelming! There are so many things to think about! Where and how do we get clients? Do [...]
Updated 10/10/2022 We just received news from the SC Department of Revenue regarding its response to Hurricane Ian. This announcement aligns the deadline extensions the IRS announced last week [...]