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Accounting & Audit Alert May 2015


RubinBrown's Accounting & Auditing Alert is published monthly to inform our clients and contacts about relevant technical accounting and audit-related information.

FASB Votes To Propose Deferring Effective Date Of New Revenue Recognition Standard

The Financial Accounting Standards Board (FASB) has voted to propose deferring the effective date for the new revenue recognition standard established by Accounting Standards Update (ASU) 2014-09.  This deferral would apply to both public and nonpublic entities.

FASB Issues Accounting Standards Update To Change Presentation Of Debt Issuance Costs

The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs

PCAOB Approves Reorganization Of Auditing Standards

The Public Company Accounting Oversight Board (PCAOB) has approved the reorganization of its auditing standards to implement a topical system that integrates the existing interim and PCAOB-issued auditing standards.


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