Tag Archives: AICPA

CFA Institute, FASB, as well as AICPA Summary

SEC Chief Accountant Wesley Bricker addressed the importance of objective financial reporting and the role of accountants and auditors in his speech before the Baruch College Financial Reporting Conference on May 3, 2018 (see page 20). He specifically mentioned the new accounting standards for revenue recognition, leases, and credit losses, as well as non-GAAP measures and other disclosures. CPAs know quite well that healthy capital markets and the economy in general depend on high-quality financial reporting; however, accounting guidelines do not seem to “rest in place” for […]

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