Thomson Reuters Announces 2019 Partner Summit Event Series for Tax and Accounting Professionals
Thomson Reuters has announced the details of its 12th annual flagship thought leadership event series “Partner Summit: Moving Your Practice …
Businesses to Get More Influence Under New Leadership
The PCAOB is looking to increase outreach to all of its stakeholders, including the business community, in part by setting …
Insurance Amendments Positioned for Third Quarter Release Despite Industry Complaints
The FASB plans to hold what Chairman Russell Golden believes will be the last public debate on its much-watched insurance …
IRS issues updated list of automatic accounting changes
In a Revenue Procedure, IRS has issued an updated list of accounting method changes to which IRS’s automatic change procedures …
Proposed Amendment to U.S. GAAP Allows Capitalization of More Cloud Computing Costs
The FASB released for public comment a proposed amendment to U.S. GAAP developed by its Emerging Issues Task Force (EITF) …
Tax Law May Lead to Changes in U.S. GAAP
The FASB plans to discuss at its upcoming meeting whether it needs to make a change to its accounting standard …
2018 to Usher in Major Accounting Changes for Not-for-Profit Groups
The FASB’s not-for-profit accounting standard is the first major update to not-for-profit reporting in more than two decades. Because it …
Healthcare Company Debt Presentation Rules in for Change Under New Revenue Rules
As the clock ticks toward public companies’ 2018 compliance date with the FASB’s sweeping new revenue rules, the board is …
IRS provides revised procedures for automatic consent to accounting method change
Rev Proc 2015-13, 2015-5 IRB, Rev Proc 2015-14, 2015-5 IRB In a new Revenue Procedure, IRS updates and reviseds the …
Extraordinary Items Eliminated From U.S. GAAP
Businesses no longer will have to assess whether a one-time event is considered so rare that it merits separate reporting …