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December 19, 2025

GASB issues guidance on subsequent events

GASB issued Statement No. 105, Subsequent Events, which clarifies types of subsequent events and information that should be part of disclosures related to the events.

December 16, 2025

FASB publishes its taxonomies for 2026

Available documents include the 2026 GAAP Financial Reporting Taxonomy and the 2026 SEC Reporting Taxonomy.

December 15, 2025

Reviewing accounting standards updates for 2025

The December A&A Focus webcast reviewed FASB ASUs becoming effective for calendar year-end engagements and looked forward to 2026, delivered practical insights on determining lease terms under FASB ASC Topic 842, and took a look at the nuances of your client’s tax-basis accounting framework.

December 8, 2025

FASB issues standard to improve interim reporting

The Accounting Standard Update aims to clarify existing reporting requirements, in part by creating a comprehensive list of interim disclosures that are required in interim financial statements.

December 8, 2025

New SEC chair to CPAs: ‘Back to basics’

Paul Atkins, appearing at the AICPA Conference on Current SEC & PCAOB Developments, asked accounting professionals to focus on financial materiality and provided his thoughts on the future of the PCAOB, crypto, and IPOs.

December 4, 2025

FASB publishes guidance on accounting for government grants

A new Accounting Standards Update establishes previously missing GAAP guidance related to the recognition, measurement, and presentation of government grants received by a business entity.

December 1, 2025

IFRS 18: A fundamental redesign of financial statement presentation

The new international accounting standard is aimed at more consistent reporting that’s better aligned with how businesses are run.

November 25, 2025

FASB updates guidance for hedge accounting, purchased loans

A pair of recently published Accounting Standards Updates recommend five areas for applying economic hedges and address stakeholder concerns related to accounting for acquired financial assets.

November 17, 2025

Writing an effective AI prompt for an audit

Explore AI in audit, SQMS documentation strategies, and fraud prevention insights from the November 2025 A&A Focus webcast for accounting professionals.

October 29, 2025

California issues draft guidance for climate risk disclosure

Large companies that conduct business in the state have until Jan. 1, 2026, to publish their first climate-related financial risk reports.

October 29, 2025

Reputation, security, compliance: Why AI risk disclosures are surging

Nearly three-quarters of S&P 500 companies have disclosed at least one AI-related risk in Form 10-K filings so far in 2025. Learn what types of companies are reporting risk and what exactly they’re disclosing.

October 20, 2025

Insights into the practical effects on CECL by FASB ASU 2025-05

The October A&A Focus webcast also examined considerations of using a cash-basis accounting method and considerations for auditing revenue.

October 14, 2025

Right-size your quality management documentation for SQMS No. 1

Optimize quality management documentation for SQMS No. 1. Check out these practical tips to keep documentation appropriate and comprehensive, yet right-sized. Remember, the QM deadline is Dec. 15.

September 30, 2025

FASB update refines reporting scope for derivatives

In response to “the broad and evolving application of the definition of a derivative,” FASB issued an Accounting Standards Update that aims to address stakeholder concerns about the application of derivative accounting.

September 19, 2025

FinCEN postpones anti-money-laundering rule

The Financial Crimes Enforcement Network said Monday that it will revisit the scope of an anti-money-laundering rule that affects small registered investment advisers. It said the effective date was expected to be postponed from Jan. 1, 2026, to Jan. 1, 2028.

September 19, 2025