TRENDING ARTICLES
FASB Proposes Changes to Topic 842 Risk-Free Discount Rate Practical Expedient
Summary provided by MaterialAccounting.com: This article explains FASB's new proposed changes to...
Lease Accounting Implementation Trends in 2021
Summary provided by MaterialAccounting.com: The article below explains four major lease accounting...
New Rules for Lease Accounting
Summary provided by MaterialAccounting.com: The new rules for lease accounting will impact your...
Recent articles
SFFAS 54: FASAB Lease Accounting Explained with a Full Example
This article discusses changes under the new FASAB standard, SFFAS 54.
Managing the Going Concern Risk in an Uncertain Environment
In Brief The worldwide COVID-19 pandemic has affected businesses of every size in every country, and the United States has been hit particularly hard. Many businesses are facing increasing doubts about their ability to continue as a going concern, and the decisions...
IRS issues revised audit technique guide for cost segregation analysis
The Internal Revenue Service issued a revised Audit Technique Guide last week to help examining agents evaluate the validity of cost segregation studies submitted by taxpayers to substantiate accelerated depreciation deductions.These far-reaching updates were needed...
A Guide to IRS Mileage Rates for 2022 Taxes
Internal Revenue Commissioner Charles Rettig announced on June 9th that there’ll be increases in the agency’s mileage rates for 2022 taxes, a decision that coincided with members of Congress surmounting partisan differences and clamoring for increases. The changes are...
Improving Audit Quality: Overview of ISQM 1, ISQM 2, SQMS 1, & SQMS 2
Back in my day (gosh, that makes me sound old), audit quality wasn’t really a “thing.” Sure, we did what we thought were good audits, and occasionally they might get reviewed, either internally or by an external firm, but these peer reviews were always rather...
Lease liabilities return to pre-pandemic level as companies adjust to accounting standard
Learn important information about lease liabilities and market changes according to a new report.