Accounting, Auditing and Attest Services

The Financial Accounting Standards Board has issued its response to the Financial Accounting Foundation’s Post-Implementation Review Report on FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes.

The Financial Accounting Standards Board has added to its agenda a project to re-examine the definition of a “nonpublic entity.” The decision to add the agenda project was based on comments from stakeholders requesting clarification of the existing definitions and ongoing questions about which definition of a nonpublic entity was being used in various projects.

The Public Company Accounting Oversight Board has announced the 2012 schedule and agenda for its first Forum on Auditing in the Small Business Environment.

New Jersey CPA asked Hans Hoogervorst, chair of the International Accounting Standards Board, about international accounting convergence.

Digital investigators can do more than retrieve data from devices. They can also use data to reconstruct past events to explain how computers were used to perpetrate wrongdoing.

The new four-volume bound edition of the FASB Codification contains all of the content of the online Codification as of October 31, 2011.

Organizations of all types and sizes need to leverage their investment in financial controls and regulatory compliance to develop new strategies that manage the other risks that could affect strategic goals and objectives.

The Financial Accounting Standards Board has added to its agenda a project to assess the feasibility of reducing or eliminating certain fair value measurement disclosure requirements for private companies and not-for-profit organizations.

The International Accounting Standards Board SME Implementation Group has published two draft Questions & Answers on the IFRS for Small and Medium sized Entities (SMEs). The draft Q&As are open for comment until January 31, 2012.

The International Accounting Standards Board and the Financial Accounting Standards Board have issued for public comment a revised draft standard to improve and converge the financial reporting requirements of International Financial Reporting Standards and US General Accepted Accounting Principles for revenue (and some related costs) from contracts with customers.