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PwC recently received International Accounting Bulletin’s Audit Innovation of the Year for GL.ai, a revolutionary bot that uses advanced AI technology to detect anomalies in a company’s general ledger (currently in prototype phase).
This newsletter presents a summary of new Canadian GAAP pronouncements in Parts II, III, and IV of the CPA Canada Handbook relevant to financial statements prepared in accordance with Canadian GAAP (includes developments to June 30, 2018).
This newsletter presents a summary of new IFRS pronouncements relevant to financial statements prepared in accordance with IFRS (includes developments to June 30, 2018).
This Newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared in accordance with US GAAP (includes developments to June 30, 2018).
The topics covered in this issue of US GAAP Today include freeing stranded tax effects from US tax reform, implementation notes on new standards and getting serious about cybersecurity disclosures for investors.
The year 2018 will require the implementation of two significant accounting standards for many companies – the new standard on revenue recognition and the final standard on financial instruments. In addition, there are a few narrow scope amendments that have become effective.
The FASB’s efforts have been focused on implementation issues with some of the new blockbuster standards. Improvements or amendments have been made or are in progress for financial instruments, hedging, leases, and income taxes in response to the Tax Cuts and Jobs Act.
This Newsletter presents a summary of new Public Sector Accounting Standards relevant to financial statements prepared in accordance with the CPA Canada Public Sector Accounting Handbook (includes developments to March 31, 2018).
Just before the world rang in the New Year Donald Trump signed major US tax reforms into law. The accounting world exploded as a result, given that companies having a US tax presence will have to consider the impact of the reforms on their December 31, 2017 annual financial statements. How far reaching are the effects? How do you deal with the very significant uncertainties surrounding the law’s interpretation and application? We have some thoughts.
Learn how PwC is “simplifying the audit through innovation,” ushering in an enhanced way of auditing that’s delivering high quality and unique insights to our clients.
