Accounting, tax, auditing news

LATEST NEWS

FASB seeks to reduce inconsistencies tied to customer-related payments

Stakeholders have until Nov. 23 to comment on a proposed Accounting Standards Update related to Topic 606, Revenue from Contracts with Customers. Also, FASB is set to hold an update for private companies and not-for-profits.

AI is reshaping finance jobs rather than eliminating them, survey finds

Ellison-Taylor, Dodaro receive AICPA’s highest honors

Problem solved: A math example of CPA-led assurance using AI agents

AICPA partners on new offering that assures AI systems and agents

Final regulations clear path for direct IRS card payments

IRS urged by national taxpayer advocate to pause Kwong claims denials

FEATURED ARTICLE

Liquidation accounting: When a going concern dissolves

A longtime CFO shares lessons he learned shifting from a going concern basis to a liquidation basis of accounting. Find out what it means to apply FASB ASC 205-30 in a real-life dissolution and why discipline and transparency matter.

Read the latest digital edition