November 15, 2022
Over a decade ago, the FASB established the Private Company Council to address accounting concerns associated with private companies. The PCC works with the FASB in determining whether accounting alternatives or practical expedients for private companies are needed in the U.S. GAAP. The FASB has issued several Accounting Standards Updates as a result of its joint effort with the PCC.
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November 15, 2022
ESG stands for environmental, social and governance and is often used interchangeably with sustainability, corporate responsibility (CR), corporate social responsibility (CSR), and triple bottom line. Fundamentally, sustainable business practices consider the future effects of business policies and activities.
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October 7, 2022
Employee and candidate demands for a flexible schedule or remote working environment are pushing accounting firms outside of their comfort zone as they try to remain competitive.
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October 7, 2022
Customer and client convenience demands more online payment methods. Consequently, we thought it was essential to understand these five payment process improvements.
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September 21, 2022
The IRS recently issued guidance addressing improper forgiveness of a Paycheck Protection Program loan.
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September 15, 2022
I remember my very first budget meeting of the year. For 18 years, we went through the same type of budget exercise in which the company would ask each department to submit detailed reports, and Accounting would roll the budget up to see “where we were.”
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July 15, 2022
Traditionally, the classification of a worker as an employee versus an independent contractor has not been the focus of business management.
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June 23, 2022
The AICPA’s Professional Ethics Executive Committee and Auditing Standards Board recently issued new requirements regarding noncompliance with laws and regulations.
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June 23, 2022
The Securities and Exchange Commission recently adopted amendments to require certain documents filed by investment advisers, institutional investment managers and certain other entities to be filed or submitted electronically.
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June 3, 2022
The SEC recently announced that it has adopted amendments to require the electronic filing or submission of certain documents that currently are allowed to be filed or submitted in a paper format.
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