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Lease Modifications: A Refresher
This article provides an overview of accounting for lease modifications under the new lease accounting standard, ASC 842.
Financial Statement Audits for Leases: Testing
Read how to prepare for your first audit after the transition.
Mind the GAAP
Newly minted CPAs typically have limited hands-on auditing experience. They almost always have no training in specialty areas, such as forensics. A term now commonly used—“frauditing”—connotes approaching an engagement with what would be a routine annual audit with...
ICYMI | Seven Years at the Forefront of Standards Setting
In Brief For the last seven years, Russell G. Golden has served as FASB’s chairman. During this time, and for the nine years previously, he has seen the standards setter face numerous challenges in its mission to improve the quality and reliability of financial...
GASB 87 Training: 10 Resources and Tips to Ease Your Transition
Get ten tips to a smooth transition to GASB 87.
Leasehold Improvements Accounting and Amortization under US GAAP
Understand the accounting for leasehold improvements.