Employee benefit plan sponsors and their auditing firms need to begin preparing for the adoption of Statement on Auditing Standards No. 136 (SAS 136), Forming an Opinion and Reporting on...
The AICPA’s Statement on Accounting Standards No. 136 (SAS 136) will meaningfully change the audit process for defined contribution plan sponsors – whether adopting this year or next. The AICPA...
Summary The FASB issued ASU 2021-05[1] (“Update”) to address the day-one loss issue related to a lessor’s accounting for certain leases with variable lease payments. The Update is effective for...
This article was originally published on the Inflo blog.Many people will remember having braces fitted as teenagers, and the dentist who struggled to twist and turn combinations of metal parts...