In this Issue : February 2018

February 2018

The big three accounting standards—revenue recognition, leases, and financial instruments—represent the profession's attempt to strengthen the fundamentals of financial reporting and make financial statements more relevant to users. This month's cover story is a roundtable discussion featuring four CPAs from all corners of practice. They share their experiences with the implementation of recent standards and describe their views on whether financial reporting is improving the ability of users to make informed decisions. Critical questions raised include whether increased disclosure requirements miss the bigger picture of an entity's long-term sustainability and whether the profession's leaders can craft a better reporting model.

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