What audit committees need to know about tax
Tax provision complexity requires audit committee members to be proficient enough to help manage tax risk and talk tax with staff and the auditor.
TRG for rev rec meets for the third time
The Joint Transition Resource Group (TRG) for Revenue Recognition, formed by the FASB and the IASB to consider issues related to the new revenue standard, met for the third time.
Share-based payments accounting
The FASB is ready to draft a proposed ASU on improvements to share-based payments accounting.