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Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. Research and Thought Leadership : The AICPA conducts research and publishes reports on emerging trends, best practices, and thought leadership topics relevant to the accounting profession. Why Should You Care?
Ideally, companies need to have accounting systems that can both adapt to different regulations and seamlessly provide visibility and analytic capabilities across the entire enterprise. Parallel Ledgers - in which multiple ledgers are used, with an accounting principle applied to each ledger. Asset Accounting (FI-AA).
Globalization CFOs have long needed to assure compliance with two different standards-setting bodies. The first is the Financial AccountingStandards Board (FASB) in the United States. Just last week, SAP announced Joule, a natural-language, generative AI copilot that will transform the way business runs.
In addition, global companies need the flexibility to comply and report according to multiple accountingstandards. For leasing, this means International AccountingStandards Board’s (IASB’s) IFRS 16 and US GAAP Financial AccountingStandards Board’s (FASB’s) ASC 842.
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