Accounting Research Manager

The accounting updates below are provided courtesy of Accounting Research Manager, a subscription service that provides a timely and comprehensive online database of analytical accounting, auditing, and SEC information and authoritative literature. KnowledgeLeader members are eligible to receive a 15% discount if they would like to subscribe to Accounting Research Manager. Experience the full database by requesting a free CCH Accounting Research Manager trial.

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ACCOUNTING AND SEC HEADLINES:

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SEC Staff Updates – SEC Staff Updates Compliance and Disclosure Interpretations

The staff in the SEC’s Division of Corporation Finance (Corp Fin) has updated the following Compliance and Disclosure Interpretations:

• Securities Act Rules(new questions 240.19, 271.28-271.29).
• Securities Act Forms(revised questions 126.14 and 126.19, and new questions 126.46- 126.47).
• Exchange Act Section 16 and Related Rules and Forms (new question 135.05).

SEC Deadlines – New Edition of GAAP Update Service Published

We have published a new edition of the GAAP Update Service, Special Edition: SEC Proposes Changes to Filing Deadlines and Disclosures. This new edition discusses the SEC’s proposal that would lengthen the filing due dates and reduce required disclosures for many public companies.

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AUDITING AND INTERNAL CONTROL HEADLINES:

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Nontraditional Engagements – New Edition of Knowledge-Based Nontraditional Engagements Published

We have published the 2026 edition of Knowledge-Based Nontraditional Engagements. This guide is organized into 11 chapters that provide complete and concise guidance on conducting nontraditional engagements under Statements on Standards for Attestation Engagements (SSAE). This edition of the guide is current through SSAE No. 23, Amendments to the Attestation Standards for Consistency With the Issuance of AICPA Standards on Quality Management.

AI – AICPA Publishes New Edition of Practice Aid: Artificial Intelligence Considerations for Financial Statement Auditors
The AICPA has published a new edition of its Practice Aid, Artificial Intelligence (AI) Considerations for Financial Statement Auditors. The objective of this practice aid is to provide nonauthoritative guidance on considering the effect of AI in the financial statement audit, both when the entity is using AI in its financial reporting process or controls related to financial reporting and when the auditor uses AI in the performance of a financial statement audit.

Auditor’s Written Communications – New Edition of GAAS Update Service Published

We have published a new edition of the GAAS Update Service, Refresher on Alerts That Restrict the Use of Auditor’s Communications: AU-C Section 905, “Alert That Restricts the Use of the Auditor’s Written Communication.” This new edition discusses AU-C Section 905 which addresses the auditor’s responsibility, when required or when the auditor decides, to include in the auditor’s report or other written communication issued in connection with an engagement conducted in accordance with GAAS language that restricts the use of the auditor’s written communication.

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GOVERNMENT HEADLINES:

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GASB Implementation Guide – New Edition of Governmental GAAP Update Service Published

We have published a new edition of the Governmental GAAP Update Service, GASB Issues ‘Skinny’ Implementation Guide. This new edition provides a summary of the final elements of the GASB’s Implementation Guide No. 2026-1, Financial Reporting Model Improvements – Subsidies.

ACCOUNTING RESEARCH MANAGER CUSTOMER SERVICE:

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