October 2009

October 1, 2009

Canada Finalizes Private Company Accounting Standards

The Canadian Accounting Standards Board (AcSB) on Wednesday approved final accounting standards for private enterprises. The new standards will be issued by the end of the year and will be available for 2009 reporting for entities that choose to adopt them early, according to an AcSB press release. The private

October 1, 2009

PCAOB Revises Effective Date of Rules Requiring Reporting by Registered Firms

The PCAOB postponed the effective date for registered public accounting firms required to report under its new rules to Dec. 31, 2009, from the previous date of Oct. 12, in order to resolve technical issues related to deploying the board’s new Web-based system for processing and publishing filings on the

October 1, 2009

Economic Crisis Discussion Group

To see other readers’ comments, click on the questions below. Discussion Questions: 1. Do you agree with the analysis by the authors of “The U.S. Economic Crisis: Root Causes and the Road to Recovery”? Explain why or why not. 2. Are there alternative causes of the economic crisis that

FROM THIS MONTH'S ISSUE

AI risks CPAs should know

Are you ready for the AI revolution in accounting? This JofA Technology Q&A article explores the top risks CPAs face—from hallucinations to deepfakes—and ways to mitigate them.