Remove 2023 Remove accounting principles Remove financial accounting
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The Rundown: Third Quarter 2023

Cherry Bekaert

The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. However, three of the four ASUs pertain to SEC guidance contained in the Codification and there were no new standards issued by the Government Accounting Standards Board (GASB) this quarter.

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Cloud-Based Accounting: Sage Intacct’s Modern Solution for Businesses

Cherry Bekaert

With Sage Intacct’s front-to-back-office compliance tools, business users can collaborate and document decisions in the context of financial records, ensuring Generally Accepted Accounting Principles (GAAP) compliance and future audit readiness. The Difference Between Business Accounting and Financial Accounting.

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FAF Wants to Know How the Private Company Council Can Be More Effective

CPA Practice

The Financial Accounting Foundation has started its effectiveness review—which includes a public comment period—of the Private Company Council, the panel that advises the Financial Accounting Standards Board on private company matters. Any proposed changes to GAAP are subject to endorsement by the FASB.

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Fair Value Determination – Valuation Reminders

Withum

The current environment in the financial markets compels the consideration of low tide in the valuation of private equity and venture capital investments as the funding landscape has experienced a shift in financing conditions and outlook over the past year. Venture Capital deal value in Q3 2023 fell to the lowest level since Q2 2018. [1]

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Preventing misapplication of GAAP standards

ThomsonReuters

To help ensure that financial reporting is transparent and investors have the most accurate and timely information they need to make informed investment decisions, public companies must disclose certain financial, and other information, to investors. What are the GAAP standards?

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Specialized Audit Skills are Needed for Climate Transition

CPA Practice

Organizations are increasingly required to adopt sustainability at the heart of their business practices and strategies, which calls for a broader set of financial accounting skills focused on environmental, social and governance (ESG) reporting. Growth in sustainable funds Sustainable business is growing rapidly.

audit 52
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Specialized Audit Skills are Needed for Climate Transition

CPA Practice

Organizations are increasingly required to adopt sustainability at the heart of their business practices and strategies, which calls for a broader set of financial accounting skills focused on environmental, social and governance (ESG) reporting. Growth in sustainable funds Sustainable business is growing rapidly.

audit 52