Genuine Learning Blog: ASU 2021-10

By |2021-12-10T16:18:55-05:00December 10th, 2021|Auditing & Accounting, Educate|

FASB has issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance. This much awaited ASU addresses disclosures for profit entities about the types of government [...]

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Genuine Learning Blog: Disclosure Framework— Proposed Changes to Interim Disclosure Requirements

By |2021-12-10T15:36:14-05:00December 7th, 2021|Auditing & Accounting, Educate|

The FASB has issued an exposure draft as part of its Disclosure Framework project to update the disclosure requirements for interim reporting. The proposal follows ASU 2018-13 and 2018-14 [...]

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Genuine Learning Blog – GASB 98

By |2021-10-22T11:07:13-04:00October 20th, 2021|Auditing & Accounting, Educate|

Governmental Accounting Standards Board (GASB) has issued GASB Statement 98 renaming the Comprehensive Annual Report to the Annual Comprehensive Financial Report. The standard eliminates an unintended consequence when the acronym [...]

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Genuine Learning Blog – Ethics Exposure Draft: Accounting Standards Implementation Services

By |2021-10-01T09:00:25-04:00September 24th, 2021|Auditing & Accounting, Educate|

The AICPA has issued a proposed ethics interpretation to help CPAs understand to what extent they can assist clients with implementing new accounting standards. The proposal identifies certain items [...]

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