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The new Financial Accounting Standards Board rental accounting standard, ASC 842, entered into force for public transport and logistics companies last year. The FASB recently proposed to extend the deadline for closed companies to annual periods beginning after December 15, 2020 by one year, which as of August 2019 was still undecided. The new rules …

The American Institute of CPAs has a new standard for forensic accounting to take effect early next year, and it promises to give CPAs a head start in terms of credibility by providing litigation support as expert witnesses to the bar during the trials. The AICPA released the standard in July (see AICPA Releases New …