An advisory committee says accounting standards would be far simpler if they were applied to business activities without regard to the impact on specific industries.

With my bias on record, I invite you to read a white paper authored recently by my partner Jay Malanga that explores the limits and benefits of generic accounting software and industry-specific ...

Several weeks ago, in cooperation with FASB and to help achieve the mutual goal of creating principle-based U.S. accounting standards, the AICPA agreed to focus on industry-specific accounting and ...

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