Accounting & Auditing

FASB Issues Standard that Improves Measurement of Credit Losses for Accounts Receivable and Contract Assets

Norwalk, CT—July 30, 2025—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves guidance on the measurement of credit losses for accounts receivable and contract assets. https://www.fasb.org/news-and-meetings/in-the-news/fasb-issues-standard-that-improves-measurement-of-credit-losses-for-accounts-receivable-and-contract-assets-422498

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The Future of the Audit: A White Paper Executive Summary

Whether we acknowledge it or not, the audit profession is in the middle of a radical transformation. Facing a confluence of challenges – technological disruption, shifting regulatory landscapes and critical talent shortages – the profession must evolve rapidly or risk obsolescence. Traditional methods, once sufficient, can no longer meet the demands of an increasingly complex

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Seeing Through the Chaos: An Accountant’s Lens

By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA Recent economic developments, including shifts in inflation trends, interest rate fluctuations, global supply chain considerations, and evolving geopolitical conditions, are prompting many organizations to evaluate how recent events will impact their financial reporting processes and respective results. These dynamics can impact considerations around asset valuations, fair

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