Controls that satisfy criteria for the security, availability, confidentiality, and processing integrity principles will often overlap with controls within an entities’ SOC report 1, affording the opportunity to test controls once, but to have the testing to apply to SOC 1, 2, and 3 reports.

FASB Simplifies Business Combination Accounting by Tossing "Look Back" Provisional Adjustments

FASB recently updated its guidance on calculating adjustments to provisional amounts for items in a business combination.

Judge Prods SEC to Get Moving on Extraction Payment Disclosure Rule

SEC ordered to stop dawdling on extraction payment rule.

Sign up for our newsletter

Stay up to date on tax and accounting news and updates