by Accounting Today | Dec 7, 2021 | Articles, Goodwill Accounting, Intangible Assets
The CFA Institute released the results Tuesday of a global survey of investment professionals on accounting for goodwill, related disclosures, and how those issues are affecting analysis and investment decision-making.The survey found that investors would prefer one...
by Accounting Today | Nov 11, 2021 | Articles, ASC 842, Lease Accounting
The Financial Accounting Standards Board issued an accounting standards update Thursday in an effort to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee benefit plans.The amendments in...
by Accounting Today | Nov 10, 2021 | Articles, Lease Accounting
The Financial Accounting Standards Board voted Wednesday against deferring the lease accounting standard for a third time for private companies and not-for-profit organizations.The standard is set to take effect for nonpublic entities for fiscal years beginning after...
by Accounting Today | Nov 10, 2021 | Articles, Auditing
Internal auditors are keeping a close eye on emerging risks as the COVID-19 pandemic continues, with cybersecurity at the top of the priority list.A new survey by AuditBoard, a provider of cloud-based audit, risk and compliance management technology, polled a group of...
by Accounting Today | Oct 25, 2021 | Articles, ASC 842, Lease Accounting
The majority of private companies have yet to implement the new lease accounting standard entirely, even though the effective date is fast approaching.Three-quarters (75%) of privately held companies surveyed this spring by Visual Lease, a lease accounting software...
