Welcome to the May 2017 edition of Accounting Roundup. Highlights of this issue include the following:
- The FASB’s issuance of ASUs on (1) service concession arrangements and (2) the scope of modification accounting for share-based payment arrangements.
- The IASB’s release of its new insurance contracts standard, IFRS 17.
- The PCAOB’s issuance of a new standard on the auditor’s reporting model.