Posts tagged Private Companies

How Can Auditors Maintain Independence When Advising Clients on New Standards?

To what extent can auditors provide advice to clients who may be panicking or having a difficult time understanding intimidating new FASB standards?

Business Owners, From The Doty Group, ServicesSarah GrayJanuary 6, 2020AICPA, Attestation, Audit, FASB, GAAP, Private CompaniesComment

FASB Approves Proposed Effective Date Delays at October 16 Meeting

The Financial Accounting Standards Board approved its 08/19 proposal to grant certain organizations various effective date delays on its credit losses, leases, and hedging standards.

Business Owners, ServicesThe Doty GroupOctober 18, 2019Lease Accounting, Credit Loss Standards, Lease Accounting Standards, FASB, Financial Accounting Standards Board, Private Companies, NonprofitComment