Are You Compliant with the Latest Data Security Standard?
The new Payment Card Industry Data Security Standards require businesses to update and improve security for payments.
Louisiana’s public entities must stay ahead of clarifications to Act 706
Those who are involved in financial reporting for a public or quasi-public entity in the state of Louisiana must be aware of Act 462 of the 2015 Louisiana Legislative Session which further amends Louisiana Revised Statute 24:513.
FASB looking to improve revenue reporting standards
In an effort to improve revenue recognition, the Financial Accounting Standards Board and International Accounting Standards Board recently released converged guidance for contracts with customers.
Louisiana Act 463 officially in effect
As of Aug. 1, 2014, public entities in Louisiana that issue municipal securities must be in compliance with recordkeeping procedures related to the municipal securities continuing disclosure rule.
Private companies granted exception for VIE analysis
Earlier this year, the Private Company Council (PCC) adjusted its criteria for private companies, simplifying the eligibility process for many seeking GAAP exceptions.
The essentials of the FASB’s new credit impairment model
The Financial Accounting Standards Board (FASB) recently proposed a revised credit impairment model that would facilitate more efficient recognition of credit losses, specifically those of assets unaccounted for at fair value through net income.
The AICPA’s New Financial Reporting Option
Private companies have found the increasing complexity of generally accepted accounting principles (GAAP) to be particularly burdensome. Even more complex are the proposed standards currently