In a long-awaited shift in purview, the Auditing Standards Board has eliminated its standard on the hierarchy of generally accepted auditing standards just as the Financial Accounting Standards Board ...

Lease Org Hierarchy. The University must adopt a new accounting standard (Accounting Standards Codification 842 – Lease Accounting) for leases in FY20.The new lease accounting standard requires all ...

New accounting guidance issued by GASB reduces from four to two the categories of authoritative GAAP in the GAAP hierarchy for state and local governments. Under GASB Statement No. 76, The Hierarchy ...

The Governmental Accounting Standards Board has finalized a new standard that aims to simplify the structure of the hierarchy of Generally Accepted Accounting Principles for state and local ...

New accounting guidance issued Monday by GASB reduces from four to two the categories of authoritative GAAP in the GAAP hierarchy for state and local governments. Under GASB Statement No. 76 , The ...

Common Organizational Structure for the Finance & Accounting Industry. Finance and accounting firms typically offer a range of services to their clients from auditing and tax consulting to ...

Upon receipt of these notifications RAS must evaluate awards to determine their proper placement in the chart of account's fund hierarchy. Recent accounting guidance requires that the University and ...