On April 14, 2016, the Financial Accounting Standards Board (FASB) released Accounting Standards Update No. 2016-10, Revenue from Contracts with Customers Topic 606.
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New DRS question type now available in Surgent CPA Review
As recently announced by the AICPA, a new simulation question type, the Document Review Simulation (DRS), will debut on the CPA Exam on July 1, 2016. This new question type will appear in the FAR, AUD and REG sections initially and move to the BEC section in 2017.
ASB issues Clarification and Recodification of Attestation Standards for 2017
The Auditing Standards Board (ASB) issued Statement on Standards for Attestation Engagements (SSAE) No. 18, Attestation Standards: Clarification and Recodification.
AICPA announces final changes to the 2017 CPA Exam
The next version will launch April 1, 2017. Each section of the test will now be four hours in length, for a total testing time of 16 hours. Get the latest CPA Review info.
ASU 2016-08 Revenue updates
On March 17, 2016, the FASB (Financial Accounting Standards Board) issued Accounting Standards Update No. 2016-08, Revenue from Contracts with Customers (Topic 606).
First steps in CPA Exam application process
Congratulations on deciding to register for the CPA Exam! Here are the first steps in the CPA Exam application process.
What CPA candidates should expect at Prometric Testing Center
Knowing and understanding the process at the testing center may not remove the exam jitters but it will help to reduce the stress level a bit.
FASB releases New Lease Accounting Standard ASU No. 2016-02, Leases
The FASB (Financial Accounting Standards Board) issued Accounting Standards Update No. 2016-02, Leases (Topic 842).
Upcoming changes to FAR section of CPA Exam
Surgent CPA Review has summarized the Financial Accounting and Reporting standards that will become testable in Q2 2016.
Transitioning to new Revenue Recognition Standards
In a recent poll, many companies said they have not yet attempted to quantify the financial statement impact of the new revenue recognition standard.
