Thomson Reuters report tells auditors how to avoid pitfalls

Thomson Reuters has released a special report, “Four Ways to Avoid Audit and Attest Deficiencies.” The report follows the latest AICPA peer review findings, which were identified during peer reviews of firms that perform audit and attest engagements. Thomson Reuter’s report provides a discussion of common deficiencies identified in peer reviews, such as those related [...]

By | January 5th, 2017|Financial, International, Taxes|0 Comments

FASB improves guidance on rev recognition

The Financial Accounting Standards Board has issued a final Accounting Standards Update that clarifies aspects of the revenue recognition standard. ASU No. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers, aims to cover narrow aspects of guidance in number of areas, including, among others: Loan guarantee fees; Impairment testing [...]

By | December 22nd, 2016|Acquisitions, Financial, Governments, IFRS, NEWS|0 Comments