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 as well as 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 your free trial.
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ACCOUNTING AND SEC HEADLINES:
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Checklist – New Edition of Summary Checklist of Recent Authoritative International Financial Reporting Standards Published
We have published a new edition of the Summary Checklist of Recent Authoritative International Financial Reporting Standards. This checklist has been updated for IFRS 18, Presentation and Disclosure in Financial Statements
Checklist – New Edition of ARM Tax Provision Checklist Published
We have published an update of the ARM Tax Provision Checklist. This Checklist begins with an update on recent developments, including applicable standards issued in the last few years. It then presents a brief overview of the major concepts related to accounting for income taxes.
Climate-Related Disclosures – New Edition of GAAP Update Service Published
We have published a new edition of the GAAP Update Service, SEC Climate-Related Disclosures Rule – An Introduction. This new edition discusses the SEC’s finals rules requiring climate-related disclosures.
Subsequent to the issuance of the rules, the SEC issued an Order that pauses implementation of its final rule requiring companies to disclose climate-related risks pending the outcome of a legal challenge to this mandate. In the Order, the SEC indicates that it will continue to vigorously defend the climate-related disclosure rules validity in court and looks forward to expeditious resolution of the litigation.
Inflation – New Edition of Inflation Rates for Judging Whether an Economy Is Highly Inflationary Interpretation Published
We have published a new edition of our Interpretation, Inflation Rates for Judging Whether an Economy Is Highly Inflationary. This new edition has been issued and reflects the latest available inflation rate information. No changes were made to the classification of countries under this Interpretation from the previous Interpretation dated December 31, 2023.
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AUDITING AND INTERNAL CONTROL HEADLINES:
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Nonissuer Financial Statements – New Edition of GAAS Update Service Published
We have published a new edition of the GAAS Update Service, A Refresher on the Auditor’s Responsibility in Connection With Financial Statements of a Nonissuer Included in Filings With the SEC: AU-C Section 925, “Filings With the U.S. Securities and Exchange Commission Under the Securities Act of 1933.” This new edition discuses AU-C Section 925 which addresses the auditor’s responsibility in connection with financial statements of a nonissuer included or incorporated by reference in a registration statement filed with the SEC under the Securities Act of 1933, as amended.
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GOVERNMENT HEADLINES:
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Revenue – New Edition of Governmental GAAP Update Service Published
We have published a new edition of the Governmental GAAP Update Service, Deferred and Unearned, Do We Get It Yet? This new edition discuses why the GASB eliminated deferred revenue.
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ACCOUNTING RESEARCH MANAGER CUSTOMER SERVICE:
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