Accountants Will Save the World
Interesting Development in Overtime Lawsuits Against Accounting Firms

Major Changes in Key GAAP Standards on the Horizon

Major Changes in Key GAAP Standards on the Horizon

Get ready to tackle some major revisions in accounting standards. After years of consideration, the Financial Accounting Standards Board is finalizing its approaches on three major issues: revenue recognition, leases and financial instruments. Each of these accounting areas affects virtually all companies in the United States no matter what their size or whether they are public or nonpublic. And that means virtually all CPA firms are affected too. via blog.aicpa.org