A previous post discussed the new option in SSARS 19 to provide the reasons for the accountant’s lack of independence in a compilation. Here is a poll to see how readers of this blog plan to handle this new option.
Please vote and then click “see results” to see how others replied.
[polldaddy poll=4334263]
Do you plan to disclose the reasons for lack of independence in a compilation? Read More »
An option to disclose the reasons for a lack of independence when performing a compilation has been introduced by SSARS 19. Now the accountant can explain in the report why independence is impaired. Previously, the accountant could not provide any explanation for lack of independence.
Here are some examples along with a rather important condition.
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Option to explain reasons for lack of independence in SSARS 19 compilationRead More »
Option to explain reasons for lack of independence in SSARS 19 compilation Read More »
If you’ve been having reservations about the train that is heading full steam down the IFRS track, here are a couple of posts from an IFRS critic to increase your concerns .
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Explain to me again why IFRS is a good idea Read More »
What is Repo 105? That is the accounting issue behind the lawsuit against Ernst & Young by the New York Attorney General over the Lehman collapse. For a great explanation (with great illustrating spreadsheets), check out an article by Professor David Albrecht, Repo 105 Explained With Numbers and Detail.
Summary of his article …
Looking for a good explanation of Repo 105? Read More »