Last Chance to Offer ASB Input on Strategic Plan


The AICPA’s Auditing Standards Board is developing its strategic plan for the next three to four years. The board has launched a survey that will remain open until today to collect views from constituents regarding what the ASB’s objectives and activities should be during that period.

The survey is an opportunity to influence the ASB’s work in developing and communicating comprehensive performance, reporting, and quality control standards and practice guidance for auditors of nonissuer companies, and to assist the ASB in matching its objectives and activities to the needs of the profession and the public.

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Implementing lease accounting

FASB’s Codification (ASC) 842, Leases, requires companies to make significant changes in the way they report operating leases. But one of the initial challenges might be simpler than you think … find out more with this report.