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Disclosure Framework— Proposed Changes to Interim Disclosure Requirements

January 03, 2022

The FASB has issued an exposure draft as part of its Disclosure Framework project to update the disclosure requirements for interim reporting. The proposal follows ASU 2018-13 and 2018-14 in updating disclosures using the new conceptual framework. Comments are due January 31, 2022.

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SAS 145

November 01, 2021

The long awaited changes by the AICPA to Risk Assessment have been issued. SAS 145, which will be effective in 2023, updates several definitions and provides clarity on areas that had significant practice issues. We’ll review at a high level the key changes you need to know about that are coming down the pike!

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Early Black-Owned CPA Firms Spurred Diversity Efforts

October 12, 2021

Firms established by pioneering Black CPAs have left an indelible legacy on today’s accounting profession. Built by Black CPAs who succeeded despite adversity, the firms continue to play an important role in the profession’s recruitment and advancement initiatives, and with the clients they serve.

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