Three accounting alternatives for private companies
To provide for accounting alternatives that certain private company reporting entities can use, the Financial Accounting Standards Board (FASB) has amended the Accounting Standards Codification.
The FASB issued three Accounting Standards Updates (ASUs) in consensus with the Private Company Council.
Also in this issue:
A & A Advisor |
- Financial statement and compliance audits: What's the difference?
- Three easy fixes to help reduce fraud