Accounting Codes

The Public Company Accounting Oversight Board (PCAOB) recently proposed a standard, AS 1000, to revolutionize auditing. It would address the core principles and responsibilities of the auditor, such as reasonable assurance, professional judgment, due professional care, and professional skepticism. In addition, it would also amend some other standards related to fundamental audit responsibilities.

Individuals rely on personal financial statements for a variety of reasons, including assessing credit risk and determining whether to grant loans. In this blog post, we’ll provide an overview of ASC 274 and discuss some key concepts related to personal financial statements.

ASC 270 is important for publicly traded companies as it clarifies the reporting practices of interim financial information.

In today’s business world, it is critical to accurately report the effects of inflation on your company. ASC 255 helps you do just that.

In this blog post, we will be discussing ASC 250: Accounting Changes and Error Corrections. This Topic provides guidance on accounting for and reporting accounting policy changes and correcting errors.

ASC 235 provides guidance on how an entity should disclose information about its accounting policies and other significant items.

ASC 230 Statement of Cash Flows is a critical component of financial statement analysis. This Topic provides guidance on reporting cash flows in general purpose financial statements and provides information about where to find guidance related to industry-specific issues.