Special Purpose Frameworks

Special Purpose Frameworks

Bases of accounting other than generally accepted accounting principles, or GAAP, are a popular alternative to the numerous and sometimes complex GAAP accounting requirements. These bases are referred to as special-purpose frameworks. Entities that are good candidates...
The Effect of the AICPA’s SAS 136

The Effect of the AICPA’s SAS 136

UPDATED 5/14/20 – In May 2020, SAS 141 was issued by the AICPA Auditing Standards Board which delays by one year the effective date of SAS 136 from December 15, 2020 to December 15, 2021 and permits early implementation. ORIGINAL BLOG – In July 2019, the...