Banking


For news from the AICPA and state societies, visit www.cpaweb.org , which also offers online CPE, AICPA professional literature, practice management aids and links to state society Web sites.
 
Panel critiques Basel Committee’s proposed international capital standards for banks ( www.aei.org/shdw/shdw169.htm ).

Draft IFAC standard focuses on roles of auditors and bank supervisors. Comments are due by June 12 ( www.ifac.org/News/LastestReleases.tmpl?NID=98201 967512258 ).

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Getting leases in line

ASC Topic 842 is a relatively simple standard that can mean profound changes for organizations with leases. This report examines what makes this standard challenging and describes new ways for CPAs to add value.