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Your Guide to 2019 Accounting Changes
Posted by Paul Languirand on Mon, Dec 16, 2019 @ 12:49 PM

For 2019, public and private companies alike are grappling with major accounting updates from the Financial Accounting Standards Board (FASB). Public companies tackled the changes to the leasing standard, which required so much time and energy that the FASB agreed to push back the effective date for private companies. Meanwhile, private companies worked through the updates to the long-awaited revenue recognition changes under ASC Topic 606.

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Topics: accounting, Paul Languirand, audit, FASB, Financial Accounting Standards Board, Auditing Standards

What Auditor Form and Content Changes Mean for Your 2020 Audit
Posted by Paul Languirand on Tue, Sep 24, 2019 @ 03:51 PM

The AICPA’s Auditing Standards Board (ASB) recently released SAS No. 134, Auditor Reporting and Amendments, Including Amendments Addressing Disclosures in the Audit of Financial Statements, which updates the form and content of a financial statement auditor’s report. Although fairly simple, the changes may make it easier for financial statement users to understand the results of the audit, as well as the auditor’s and management’s responsibilities. 

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Topics: accounting, Paul Languirand, audit, FASB, Financial Accounting Standards Board, Auditing Standards

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