In the area of fixed assets and the resultant depreciation there are some major differences between the GAAP rules codified in ASC Topic 360 and the IFRS rules in IAS 16.
2020 will bring a host of issues for CPA firms to deal with, from new technologies, rising competition and staffing problems, to regulatory upheaval, the commoditization of core services and the move to advisory services, among many, many others.
