Browsing: improvements

In direct response to feedback from stakeholders, the FASB issued ASU 2025-06, Targeted Improvements to the Accounting for Internal-Use Software, to modernize the accounting for costs to develop internal-use software that is accounted for under ASC 350-40, Intangibles – Goodwill and Other: Internal-Use Software.

Auditor General Tyson Shtykalo says the Province of Manitoba needs to improve how it prepares financial information for audit after repeated issues were identified in financial statement audits of the Public Accounts.