How do you stay current on accounting rules?

With so many options available for staying informed, and such an ever-changing regulatory environment, what are your most trusted - and efficient - sources for staying up-to-date? Or do you delegate this?

Answers

Wayne Spivak President & CFO • October 5, 2013

That's an interesting question.

I delegate (maybe the lazy person's way out).
I read/browse newsletters from some CPA firms where I'm on their list.
I read/browse some Linkedin Groups from time to time.
And lastly, when there is an issue, I go and read the actual GAAP ruling myself.

Favorite choice... guess... :)

Barrett Peterson Senior Manager, Actg Stnds & Analysis • October 6, 2013

I subscribe to all releases from the FASB and IASB, PwC's CFO Direct, Deloitte's IASPlus, and use several services. I also subscribe to notices from several other large public accounting firms. One of my job tasks is publication of a quarterly update regarding accounting and financial reporting, audit standards and practices, and internal controls/risk management developments.

Michael Topa Director • October 7, 2013

I have found the easiest and least expensive way is to sign up for with accounting firms such as BDO, EY and Deloitte who offer regular web based update programs. Joining is free, they are generally over lunch and free. The quality is very good and focused.

Mike Caruana Director of Financial Services • October 14, 2013

Like Barrett and Michael, I also take advantage of PwC, BDO, EY, and Deloitte. They have lots of resources, and their articles do a lot of the researching for me. KPMG's Alert is a crucial email I review every time it comes in.

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How do you stay current on accounting rules?

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