INTEGRA INTERNATIONAL

Published today in the Journal of Accountancy by

By Stephen G. Austin, CPA; Joel Colbourn, CPA; Ane Ohm, CPA; and Don Mitchell

In addition to causing enormous disruption to health, safety, and the economy across the globe, the coronavirus pandemic has significantly altered the landscape for CPAs related to the lease accounting standard.

The changes include a potential effective date delay of FASB’s new lease accounting standard for certain entities, including private companies; a monumental increase in the number of lease modifications requested by lessees and granted by lessors; and the need for disclosures related to a company’s lease accounting decisions in the new environment.

Here’s a closer look at lease accounting amid the coronavirus pandemic.

FASB’s delay proposal

In recognition of the business disruptions caused by the new standard, FASB has voted to issue a proposal that would delay by one year the effective dates of its lease accounting standard for certain entities.… Read More

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As the COVID-19 pandemic scenario unfolds, the level of economic uncertainty increases. 

Now is the time for us to work together to weather the storm ahead. 

Integra-International is here for you. 

As members we need to stick together to 

• Help navigate through the disruption
• Respond to the changing dynamics and 
• Be ready to emerge from the crisis ready to seize opportunity.

Primarily we urge you to take precautions to protect the health and welfare of your employees, and your families. 

Secondly, we remind you that our collective success depends on the survival of our own clients. Our clients need us now more than ever. 

As firms we need to consider developing alternative procedures to manage current work-loads and retain quality service delivery.… Read More

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Integra International is very pleased to announce that a new Alliance Member has been admitted. Frontline Philippines Pty Ltd provides premium offshore services to solve capacity issues for Accounting Firms. They’ve built an offshore model for their own Australian CA firm that is being successfully duplicated in dozens of other firms around the world.

Several Integra firms are currently working with Frontline and they have sponsored our Conferences for the last two years.  You may have seen their book – Offshore or Die! Mark Cottle, CEO – is a Chartered Accountant in Australia and the UK and one of the co-founders of Frontline Accounting. He worked in public practice as an auditor, and as the Financial Controller of a NASDAQ listed subsidiary in Australia before launching an accounting firm in 2011 using a unique offshore model.

… Read More

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Integra International is very pleased to announce that a new member in St. Petersburg, Russia has been admitted. Quality Partners is a young and highly motivated firm with 1 partner and 24 staff in 2 offices.

The Firm’s team has many years of experience in consulting international companies on doing business in Russia. Main contact for Integra is Mr. Andreas Bitzi, owner and CEO of the firm.  Andreas is a  Swiss citizen who has many years of experience in assisting foreign companies entering and expanding in the Russian market. Andreas Bitzi can be reached at ab@q.partners For more information about the firm please check out their website https://q.partners/ or the Integra website https://www.integra-international.net/find-a-firm/find-firm-location/?cn-country=Russian%2BFederation%2B&cn-s= We welcome Mr. Andreas Bitzi and his staff to Integra International.

… Read More

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By Stephen G. Austin, CPA; Joel Colbourn; Phillip Doolittle; and Doug Renner | Originally posted on: www.journalofaccountancy.com

Public companies’ required implementation of FASB’s new lease accounting standard in 2019 means that financial statement auditors need to be prepared to make new judgments.

Although the private company implementation date for the standard hasn’t yet arrived, auditors of both public companies and private companies that prepare financial statements in accordance with GAAP will eventually need to determine whether adequate work has been performed to ensure a reasonable opening entry upon implementation. As part of understanding the entity’s processes and controls, auditors also will have to assess whether their clients or companies (in the case of internal auditors) have adequate go-forward processes in place to ensure that upon execution of a contract, a determination is made as to whether that contract is, or contains, a lease.… Read More

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Abeles and Hoffman, P.C., our Integra member located in St. Louis, MO, is pleased to announce the promotion  of Kelley Wingbermuehle CPA,  James Rose, CPA, CGMA, Justin Reppy, CPA  and Keith Rauch, CPA to the firm’s ownership group.

“These four professionals are incredibly talented and dedicated,” said Ron Abeles, CPA, President and Shareholder of Abeles and Hoffman, P.C. “I am thrilled to congratulate them as they take on their new leadership positions within the firm. This is a first step in our firm’s transition while maintaining the involvement of myself and Stu Hoffman, the firm’s founders.  With our management team in place, our firm is strategically positioned for continued growth and opportunity in the marketplace.”

In 2009, Wingbermuehle joined Abeles and Hoffman, P.C.… Read More

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Integra International is very pleased to announce that a new member in Jeddah, Kingdom of Saudi Arabia has been admitted.

Ibrahim Ikhtaby Audit Bureau is a 2 Partner and 26 staff multidisciplinary firm providing Audit, accounting, tax and business consulting services as well as corporate finance, mergers and acquisitions, liquidations, investment advice and training.

Managing Partner of the firm is Mr. Ibrahim Ikhtabi who has over 40 years of experience in audit and consulting.

The main contact for Integra is Mr. Mohamed Sobhy Al-Khawajah who has more than 25 years of experience in audit and consulting and who can be contacted at msobhy@ibiks.com

Details about the firm can be seen on the Integra website https://www.integra-international.net/find-a-firm/find-firm-profile/name/ibrahim-ikhtaby-audit-bureau/

We welcome Mr. Ibrahim Ikhtaby, Mr.… Read More

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The post Integra International is looking for a highly experienced individual to manage PR and Content appeared first on Integra International.

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