Auditing

Members of the TRG include financial statement preparers, auditors and users representing a wide spectrum of industries, geographical locations and public and private companies and organizations.

The Board of Trustees of the Financial Accounting Foundation (FAF) today announced the appointment of two new members to the Governmental Accounting Standards Advisory Council (GASAC).

Financial information and technology company Thomson Reuters has released a special report, An Overview of the Revised Accounting Model for Revenue Recognition, which provides useful insights for corporate management teams, shareholders, lenders, analysts, investors, regulators, and accounting firms that utilize revenue to monitor organizations' financial performance and general financial health.

The Kansas Society of Certified Public Accountants plans to hold a statewide conference in Wichita next week that will focus on governments and nonprofits.

The former investment advisory unit of the accounting firm Baker Tilly Virchow Krause has been renamed Bronfman E.L. Rothschild, the company said Monday.

Under fire for its handling of the data breach, Target's board is now defending itself to shareholders in advance of next week's annual meeting.

The standard will improve the financial reporting of revenue and improve comparability of the top line in financial statements globally. Revenue is a vital metric for users of financial statements and is used to assess a company’s financial performance and prospects. However, the previous requirements of both IFRS and U.S. GAAP were different and often resulted in different accounting for transactions that were economically similar.

The tax and accounting arm of Thomson Reuters has released two new content marketing solutions for CPA firms interested in growing their accounting, auditing, and international tax practices.