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ACCOUNTING AND SEC HEADLINES:

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FASB Codification – New Edition of GAAP Update Service Published

We have published a new edition of the GAAP Update Service, A Potpourri of Codification Improvements. This new edition focuses on the five FASB Codification improvements that are most likely to be of interest to companies and not-for-profit organizations.

SEC Staff Guidance – SEC Staff Updates Compliance and Disclosure Interpretations

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

• Securities Act Rules (withdrawn Question 182.05 and new Questions 182.24- 182.33); and
• Regulation Crowdfunding (new Questions 100.03- 100.06 and new Question 201.03).

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AUDITING AND INTERNAL CONTROL HEADLINES:

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Consideration of Laws and Regulations – New Edition of GAAS Update Service Published

We have published a new edition of the GAAS Update Service, Practice Issues and Questions & Answers Relating to AU-C Section 250, Consideration of Laws and Regulations in an Audit of Financial Statements. This new edition discusses AU-C Section 250, which addresses the auditor's responsibility to consider laws and regulations in an audit of financial statements.

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GOVERNMENT HEADLINES:

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Subsidies – New Edition of Governmental GAAP Update Service Published

We have published a new edition of the Governmental GAAP Update Service, GASB Issues Draft Q&As on Subsidies. This new edition discusses GASB’s Q&As issued related to GASB No. 103, Financial Reporting Model Improvements.

ACCOUNTING RESEARCH MANAGER CUSTOMER SERVICE:

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