April 6, 2022
Businesses and nonprofit groups are gradually adjusting to requirements of the new lease accounting standard, such as bringing most leases onto the balance sheet. Since ASC 842 can seem confusing, here’s a quick guide to ease the adjustment period.
October 26, 2020
The Auditing Standards Board has issued a proposal that would revise its audit standards related to risk assessment. That could mean more audit procedures related to your company’s internal controls, cyberthreats, and other risk factors as your auditors assess your situation.
December 9, 2019
Some companies fear that implementing the updated leases standard might cause some companies to trip their loan covenants. Here’s how to safeguard against this potential pitfall.
July 11, 2019
New guidance from the FASB means that nonprofit groups can use the same methods available to private companies for reporting goodwill and certain identifiable intangible assets after a merger or acquisition.
March 18, 2019
Audit committee best practices are part of a new report released by the International Organization of Securities Commissions in an effort to promote audit quality.
November 9, 2016
KraftCPAs PLLC is pleased to announce that Sean Owens and David Lister became members (owners) in the firm, effective November 1.