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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) has issued a suite of standards that affect the auditor’s report:...
Accounting for Impairment of Lease Receivables under IFRS 9
An overview of accounting for impairment of lease receivables under IFRS 9.
Private cos. still playing catchup on 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...
Technology reshapes future of audit quality
Technological changes are already making an impact on how auditing firms are carrying out their audits.The Center for Audit Quality and the U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness co-hosted a virtual event Wednesday examining the future...
An FAQ on California’s Proposition 39 and How It Affects School Districts
Construction bond programs are often the largest expenditure of a district’s capital and operating budget. With bond program costs ranging from millions to several billion dollars, citizens and stakeholders want to know where and how funds are spent. High-profile,...