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What's the Crunch?
Featured Podcast
- Preparing for Your First Audit Role in Public Accounting
Recent Accounting & Regulatory Updates
Recent FASB & AICPA Updates
- Transfers and Servicing – FASB Adds Project to Technical Agenda
- Insurance – FASB Discusses Technical Agenda
- Revenue Recognition – FASB Discusses Agenda
- Fraud – ASB Issues Standard on Auditors Responsibilities Relating to Fraud
Recent SEC & PCAOB Updates
- XBRL – SEC Grants Exemptive Relief from Certain Inline XBRL Filing or Submission Requirements
- Proxy Rules – SEC Staff Updates Compliance and Disclosure Interpretation
Extra Crunch
- New York Stock Exchange (NYSE) Floor Talk: An Ice Exchange
MaloneBailey News
- Recent IPOs
- About MaloneBailey, LLP
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Preparing for Your First Audit Role in Public Accounting
Summary - In this episode of Everybody Counts, Carolina Uzcategui and Arturo Reyna discuss the transition between graduation and stepping into your first audit role in public accounting.
Simply click on the image below to listen to the podcast. For this podcast and many more, please visit the Resources section of our website.
About Everybody Counts
MaloneBailey's podcast, Everybody Counts, features various perspectives on a variety of topics. From the latest SEC and FASB updates to discussions on recruiting, retention and more, Everybody Counts explores trends and hot topics that affect us and those in our business. Tune in to hear from partners and staff alike. The conversation is versatile and everybody's input counts.
| | Recent FASB & AICPA Updates | | |
Transfers and Servicing – FASB Adds Project to Technical Agenda
Summary - As reported it its “Summary of Decisions” publication, the FASB met on September 16, 2026, and added a project to its technical agenda on Topic 860, Transfers and Servicing, and decided that the scope of that project would be to identify and address diversity in practice in applying the participating interest guidance. The FASB decided not to address the accounting for securities-for-securities lending arrangements as part of that project.
For more information, click here.
© 2026 CCH Incorporated and/or its affiliates. All rights reserved. Used with permission.
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Insurance – FASB Discusses Technical Agenda
Summary - As reported it its “Summary of Decisions” publication, the FASB met on September 23, 2026, and discussed feedback received in response to the 2025 Invitation to Comment, Agenda Consultation, agenda requests, and other Codification improvements related to Topic 944, Financial Services—Insurance, received from stakeholders. The FASB decided not to add a project on life insurance and ceded reinsurance issues to its technical agenda and instead directed its staff to conduct additional research on those issues.
The FASB decided to consider Codification improvements related to Topic 944 as part of the Codification Improvements (Evergreen) project.
For more information, click here.
© 2026 CCH Incorporated and/or its affiliates. All rights reserved. Used with permission.
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Revenue Recognition – FASB Discusses Agenda
Summary - feedback received on several topics related to Topic 606, Revenue from Contracts with Customers, in response to the 2025 Invitation to Comment, Agenda Consultation, and an agenda request. The FASB decided not to add projects to its technical agenda at this time on any of the following topics:
- Estimate of variable consideration for commission-based transactions.
- Principal versus agent considerations.
- Principal versus agent considerations—crypto assets.
- Guarantees.
- Consideration payable to customers—determining whether a distinct good or service is obtained.
The FASB instead directed the staff to conduct additional research on: (1) the presentation of net revenue in the income statement for assets measured at fair value; (2) the interaction between Topic 460, Guarantees, and Topic 606 for guarantees of an entity’s own future performance; and (3) the assessment of whether a distinct good or service is obtained in the context of accounting for consideration payable to a customer.
For more information, click here.
© 2026 CCH Incorporated and/or its affiliates. All rights reserved. Used with permission.
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Fraud – ASB Issues Standard on Auditors Responsibilities Relating to Fraud
Summary - The AICPA Auditing Standards Board issued SAS No. 151, The Auditors Responsibilities Relating to Fraud in an Audit of Financial Statements, which clarifies and enhances auditors responsibilities relating to fraud in a financial statement audit. SAS No. 151 supersedes section 240, Consideration of Fraud in a Financial Statement Audit, of SAS No. 122, Statements on Auditing Standards: Clarification and Recodification, as amended, and makes conforming amendments to various other SASs.
The changes resulting from SAS No. 151 are intended to:
- Clarify and enhance the auditors responsibilities relating to fraud or suspected fraud in a financial statement audit;
- Provide the auditor with a fraud lens when performing risk assessment and other procedures. The fraud lens helps the auditor focus on fraud matters when applying generally accepted auditing standards (GAAS) and to explain the linkages between SAS No. 151 and other AU-C sections;
- Reinforce the importance, throughout the audit, of the appropriate exercise of professional skepticism in fraud-related audit procedures;
- Promote consistent auditor behavior and facilitate effective responses to identified risks of material misstatement due to fraud by establishing more robust requirements and enhancing or clarifying application material; and
- Strengthen communications with those charged with governance.
SAS No. 151 is applicable when identifying and assessing the risks of material misstatement due to fraud and responding to fraud or suspected fraud when identified. It retains the definition of fraud and the auditor’s objectives from extant AU-C section 240, while also enhancing the requirements related to fraud, including procedures to be performed when fraud or suspected fraud is identified.
SAS No. 151 becomes effective for audits of financial statements for periods ending on or after December 15, 2028.
For more information, click here.
© 2026 CCH Incorporated and/or its affiliates. All rights reserved. Used with permission.
| | Recent SEC & PCAOB Updates | | |
XBRL – SEC Grants Exemptive Relief from Certain Inline XBRL Filing or Submission Requirements
Summary - The SEC issued an order granting “exemptive relief from certain Inline XBRL requirements adopted on Dec. 16, 2024. More specifically, the Commission is granting exemptive relief from filing or submitting the following in Inline XBRL: Form CA-1 (except Exhibit H thereto), Form 1 (except Exhibit I thereto), Form X-17A-5 Part III, Form 17 H, and the annual compliance report of a security-based swap dealer or major security-based swap participant. These forms and submissions are specific to market intermediaries and are primarily used by the Commission to assess whether registered entities meet relevant standards – including legal, financial, and operational standards – necessary to comply with the Exchange Act.”
The exemptive relief is expected to reduce unnecessary compliance costs without meaningful gains in transparency or data accessibility to investors.
For more information, click here.
© 2026 CCH Incorporated and/or its affiliates. All rights reserved. Used with permission.
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Proxy Rules – SEC Staff Updates Compliance and Disclosure Interpretation
Summary - The staff in the SEC’s Division of Corporation Finance (Corp Fin) has updated its Compliance and Disclosure Interpretation, Proxy Rules and Schedules 14A/14C. Corp Fin has added new questions 189-01-189.02, which deal with retail voting programs.
For more information, click here.
© 2026 CCH Incorporated and/or its affiliates. All rights reserved. Used with permission.
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New York Stock Exchange (NYSE) Floor Talk: An Ice Exchange
Summary - “Whether it’s an IPO, a visiting dignitary or a market-moving event, we are at the epicenter of it all, executing media programs and interviewing prominent business leaders.” - NYSE
This podcast provides interviews with prominent business leaders, innovators, executives, investors, and newsmakers about major market events, company milestones, emerging technologies, and economic trends. Each podcast episode is designed to explore a current topic in industry research with heightened emphasis on investing, entrepreneurship, cybersecurity, and policy recorded at NYSE events and conferences.
To access the podcast, please click here.
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Recent IPOs
For more information about MaloneBailey's recent client IPOs, please click here.
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About MaloneBailey, LLP
Founded in 1982, MaloneBailey is a full-service, PCAOB-registered public accounting firm headquartered in Houston and with offices in Beijing, Shenzhen and Tokyo. MaloneBailey provides audit, tax and consulting services to public and private companies. MaloneBailey is recognized as one of the fastest growing firms by INSIDE Public Accounting. Since 2014, MaloneBailey has been recognized as one of the “Best and Brightest Companies to Work For” in Houston by the National Association for Business Resources.
We believe the following points offer a distinct advantage:
Please visit www.malonebailey.com for more informaiton about MaloneBailey, LLP.
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