Ken Tysiac
JournalofAccountancy
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Past articles by Ken:
4 tactics for effective money-laundering compliance
Guarding against money laundering is becoming increasingly challenging. These tips can help. → Read More
FASB addresses troubled debt, vintage disclosures in CECL standard
FASB changed its credit losses standard, eliminating accounting guidance for troubled debt restructuring by creditors and enhancing disclosure requirements for vintage disclosures. → Read More
SPACs would face new disclosure requirements under SEC proposal
The SEC proposed rules that are intended to provide investors with more information and protection in initial public offerings by special purpose acquisition companies. → Read More
Lease accounting urgency ramps up for not-for-profits
After numerous effective date delays, not-for-profits are running out of time to implement the Financial Accounting Standards Board’s new lease accounting standard. → Read More
Digital assets, intangibles among priorities on FASB’s new research agenda
FASB updated its research agenda Wednesday in response to comments received in a consultation earlier this year. → Read More
Audit tips for a pandemic-changed environment
Auditors have a lot to think about as clients experience supply chain disruptions, staff shortages, and new processes and procedures. Here’s what firms need to focus on in this challenging environment. → Read More
Tips for avoiding trouble with non-GAAP reporting
Non-GAAP measures in public company reporting continue to be scrutinized carefully by SEC staff, according to information presented at the AICPA & CIMA Conference on Current SEC and PCAOB Developments. → Read More
Spring-loaded awards merit accounting scrutiny, SEC staff says
“Spring-loaded” awards are share-based compensation that companies award to executives shortly before announcing market-moving information. The SEC staff says that when measuring compensation, companies must consider the impact that the information will have upon release. → Read More
FASB proposal would amend interim disclosure requirements
Interim disclosure requirements would be changed and clarified under a proposal issued by the Financial Accounting Standards Board. → Read More
Ethics proposals address unpaid fees, standards implementation services
The AICPA Professional Ethics Executive Committee published two exposure drafts on the issues of unpaid fees and accounting standards implementation services for attest clients. → Read More
How to use COSO to implement and scale AI projects
The COSO enterprise risk management framework can help leaders manage risks associated with their AI strategies. → Read More
NOCLAR proposals aim to help CPAs find the right balance
Proposals by the AICPA Professional Ethics Executive Committee and the AICPA Auditing Standards Board are designed to guide CPAs when they identify or suspect a client’s or employer’s noncompliance with laws or regulations. → Read More
FASB approves private company and NFP goodwill triggering event alternative
Private companies and not-for-profits will have an option to perform goodwill impairment triggering event assessments at the reporting date (versus on the date of a triggering event as currently required), under an accounting alternative FASB voted to approve. → Read More
Standard setters focus on costs vs. benefits, 'big three' projects
FASB Chair Richard Jones, CPA, and GASB Chair Joel Black, CPA, describe their visions and priorities in this Q&A. → Read More
PCAOB amends independence requirements to align with SEC changes
The Public Company Accounting Oversight Board issued amendments that are designed to align its independence requirements with SEC rules that were updated in 2019 and 2020. → Read More
How to apply COSO’s ERM framework to compliance risk management
A new publication provides guidance on how to apply the Committee of Sponsoring Organizations of the Treadway Commission’s enterprise risk management framework to manage and mitigate compliance risks. → Read More
UAA Model Rules updated to support evolution of CPA licensure
The National Association of State Boards of Accountancy’s board of directors approved changes to the Uniform Accountancy Act Model Rules that create a clear path for the CPA Evolution project. → Read More
FASB proposes expedient for private company franchisors
FASB issued a proposal that would provide a practical expedient for private company franchisors in how they analyze certain activities when determining their performance obligations in a franchise agreement under the board’s new revenue recognition standard. → Read More
Pandemic-related FAQs for health care entities
Health care entities’ financial statement preparers and auditors can benefit from an FAQ document developed by the AICPA on issues related to the coronavirus pandemic. → Read More
The 10 elements of financial statements, according to FASB
The Financial Accounting Standards Board defined 10 elements of financial statements in a proposed new chapter for its Conceptual Framework. → Read More