Recent articles
Asset Retirement Obligation (ARO) Accounting under ASC 410 and ASC 842 Explained with Example
Have you ever entered into an operating lease for a building, constructed leasehold improvements, and determined based on the provisions of the lease that you are legally obligated to remove...
FASB decides not to delay leases standard for private cos., nonprofits
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...
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GASB 87 for Higher Education: What You Need to Know for Compliance
An overview of GASB 87 for the higher education industry
Major Changes to the Auditor’s Report
If you are a user of audited financial statements, you should be aware that the auditor’s reports for 2021 calendar year end audits will have a new look.The AICPA Auditing Standards Board (ASB)...