By:
CHRIS SCHELLMAN
May 16th, 2010
Last month, the AICPA issued a set of standards that CPAs who do assurance engagements at service companies should examine carefully.
By:
CHRIS SCHELLMAN
May 10th, 2010
In 2001, an international effort began to “converge” the disparate accounting standards of the world in order to provide a framework that better meets the demands of globalization. The various national standard setting boards have spent years cooperatively developing a single set of international standards to which countries are encouraged to adopt. In the United States, the American Institute of Certified Public Accountants (AICPA) is actively revising and re-codifying many US accounting standards to better align with these new international standards.