Accounting news articles 2019
Here are some notable accounting news articles from 2019:
- SEC Proposes New Disclosure Requirements for Public Companies (January 2019)
The Securities and Exchange Commission (SEC) proposed new disclosure requirements for public companies, including more detailed information about their financial condition, risk factors, and executive compensation.
Source: Accounting Today
- FASB Issues New Lease Accounting Standard (January 2019)
The Financial Accounting Standards Board (FASB) issued a new lease accounting standard, ASC 842, which requires companies to recognize lease assets and liabilities on their balance sheets.
Source: Journal of Accountancy
- IRS Issues Guidance on Tax Law Changes (February 2019)
The Internal Revenue Service (IRS) issued guidance on the Tax Cuts and Jobs Act (TCJA), including changes to the corporate tax rate, individual tax rates, and deductions.
Source: Tax Foundation
- Accounting Firms Face Increased Cybersecurity Threats (March 2019)
A report by the American Institute of Certified Public Accountants (AICPA) found that accounting firms are facing increased cybersecurity threats, including phishing attacks and data breaches.
Source: Accounting Today
- FASB Proposes Changes to Accounting for Credit Losses (April 2019)
The FASB proposed changes to the accounting for credit losses, including a new current expected credit loss (CECL) model that would require companies to estimate the likelihood of default on their financial instruments.
Source: Journal of Accountancy
- SEC Proposes New Rules for Auditor Independence (May 2019)
The SEC proposed new rules to improve auditor independence, including restrictions on non-audit services and enhanced disclosure requirements.
Source: Accounting Today
- IRS Issues Guidance on Qualified Business Income Deduction (June 2019)
The IRS issued guidance on the qualified business income (QBI) deduction, including rules for calculating the deduction and eligibility requirements.
Source: Tax Foundation
- FASB Issues New Standard for Accounting for Derivatives (July 2019)
The FASB issued a new standard for accounting for derivatives, including changes to the classification and measurement of derivatives.
Source: Journal of Accountancy
- Accounting Firms Face Increased Competition from Non-Traditional Players (August 2019)
A report by Deloitte found that accounting firms are facing increased competition from non-traditional players, including fintech companies and online accounting platforms.
Source: Accounting Today
- SEC Proposes New Rules for Disclosure of Climate Change Risks (September 2019)
The SEC proposed new rules requiring publicly traded companies to disclose climate change risks and greenhouse gas emissions.
Source: Accounting Today
- FASB Issues New Standard for Accounting for Revenue Recognition (October 2019)
The FASB issued a new standard for accounting for revenue recognition, including changes to the timing and recognition of revenue.
Source: Journal of Accountancy
- IRS Issues Guidance on Section 199A Deduction (November 2019)
The IRS issued guidance on the Section 199A deduction, including rules for calculating the deduction and eligibility requirements.
Source: Tax Foundation
- Accounting Firms Face Increased Pressure to Adopt Artificial Intelligence (December 2019)
A report by KPMG found that accounting firms are facing increased pressure to adopt artificial intelligence (AI) and other technologies to improve efficiency and accuracy.
Source: Accounting Today