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PCAOB Urges Auditors to Follow Standards on Going Concern
The Public Company Accounting Oversight Board (PCAOB) on Monday reminded auditors that they should continue adhering to the board’s existing standards when considering an organization’s ability...
FASB Issues Update for Discontinued Operations
On April 10, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and...
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Complexity Still an Issue for Income Tax Accounting Standard
The Financial Accounting Standards Board (FASB) said on December 3 it will continue to analyze the Financial Accounting Foundation (FAF) post-implementation review (PIR) of FASB Statement No....
Intermediate Sanctions and the Risks of Nonprofit Executive Compensation: What You Need to Know
If you’re a highly-compensated executive at a nonprofit and in a position to influence how much you earn, you may be at risk. Nonprofit executives who are paid what might be considered excess...