US GAAP News

• March 30, 2013 A Recent Addition by FASB of Three Implementation Guides to Extensible Business Reporting Language Series (XBRL) The Financial Accounting Standards Board has added three Implementation Guides to the XBRL series, prepared to assist users of the U.S. GAAP Financial Reporting Taxonomy comprehend how certain disclosures are structured ...
• February 17, 2013 Approval of the PCAOB Budget 2013 and Accounting Support Fee The SEC (Securities Exchange Commission) has approved the PCAOB (Public Company Accounting Oversight Board) Budget of 2013, a corporation which was established by the Congress to supervise the audit of public companies to ...
• January 15, 2013 Amended Proposals Have Come In The Market Related With The Revenue Regeneration A massive change has happened to the revenue regeneration process with the US principles of general accounting. The IASB and FASB endorse it. The two main organizations viz. The International Accounting Standards ...
• September 15, 2012 XBRL US and AICPA to Launch Certificate Program The AICPA and XBRL have come together to create a certificate program that focuses on the United States Generally Accepted Accounting Principles reporting in XBRL (Extensible Business Reporting Language) format. ...
• August 31, 2012 AICPA Raises Concerns over Faulty Letters Issued by IRS The AICPA has issued a letter to Doug Shulman, Internal Revenue Service’s Commissioner highlighting the concerns regarding the extensive problem that is troubling a number of taxpayers. AICPA has raised concerns ...
• August 29, 2012 AICPA Stretches Due Date for Receiving Comments on Proposed Changes in Accounting Standards The AICPA has stretched the due date for receiving comments from its members on the alterations proposed by them with regard to professional accounting standards. The American Institute of CPAs Professional Ethics ...
• July 11, 2012 ReadyRatios Update: New Interface and Features The ReadyRatios software has been updated by now. Besides small technical improvements this version got a new interface and American English option. The update is meant to make the interface look modern.
• May 16, 2012 SEC Recommends Changes in Accounting for Derivatives The Securities and Exchange Commission has passed along a request to the Financial Accounting Standards Board that it consider making changes in how to account for derivatives contracts designated as hedging instruments. ...
• May 11, 2012 First Results of the ReadyRatios International Project By June 2012 the ReadyRatios project will have been working internationally for a year. For this project we’ve used our 20-year experience in auditing and 6-year experience in IT-services manufacturing for the ... Views: 953 ∙ Comments: 1
• April 30, 2012 SEC Adopts US GAAP Financial Reporting Taxonomy The FAF and FASB have announced that the SEC has adopted the non-governmental 2012 US GAAP Financial Reporting Taxonomy (Taxonomy). The FAF and the FASB are responsible for the ongoing maintenance of the Taxonomy ...