The American Institute of CPAs’ Auditing Standards Board has decided to defer the effective dates of seven of its recently issued Statements on Auditing Standards because of the novel coronavirus pandemic.
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Audit & Accounting
April 27, 2020
Upcoming Events April 27, 2020
AICPA delays auditing standards for a year due to coronavirus
By Michael Cohn      4 min read
The American Institute of CPAs’ Auditing Standards Board has decided to defer the effective dates of seven of its recently issued Statements on Auditing Standards because of the novel coronavirus pandemic.
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IIA moves to online testing for internal auditor exams amid coronavirus threat
By Michael Cohn     2 min read
The Institute of Internal Auditors has stopped most of its in-person activities, including training, during the COVID-19 pandemic and will instead do online testing on a temporary basis for its certification exams.
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Troubled oil trader Hin Leong poised to hand control to PwC
By Chanyaporn Chanjaroen, Joyce Koh and Serene Cheong     3 min read
Tycoon OK Lim and his family are set to hand over management of the company founded in 1963 to PricewaterhouseCoopers LLP, deepening the demise of an empire Lim built into one of Singapore’s most powerful oil traders.
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SPONSOR CONTENT
Lease Accounting Fallout from COVID-19
Rent concessions, discount rates and more critical lease accounting topics affected by Coronavirus
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FASB proposes to delay leases and rev rec standards due to coronavirus
By Michael Cohn     3 min read
The proposal would delay the effective date for one year for some private companies and nonprofits in applying the leases standard and for franchisor businesses in applying the revenue recognition standard.
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The transformation to advisory services: A few observations from the road
By Robbie Randall     4 min read
Prior to this unprecedented time for our community, I had been traveling the country for nearly 10 months, meeting with large accounting firms for one-on-one deep dives into their advisory workflows and client experience.
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