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As much as we might want it to be easy, investing is rarely a smooth ride. While market drawdowns are to be expected over time, the severity of the market decline and the length of time it will take for markets to recover are both out of investors’ control and impossible to predict in advance.
View MoreI 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.”
View MoreInnovation is not just a buzzword. Most importantly, what is innovation-driven business development?
View MoreThe Financial Accounting Standards Board continues its goal of clarifying accounting and reporting standards for public entities, private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles.
View MoreAt a recent visit to a new IRS facility, U.S. Treasury Secretary Janet Yellen spoke on the Biden administration's plans for improving IRS services.
View MoreThe Securities and Exchange Commission recently proposed rule changes to enhance risk management practices for central counterparties in the U.S. Treasury market and facilitate additional clearing of U.S. Treasury securities transactions.
View MoreThe IRS is making its forms, publications and correspondence more accessible to blind and visually disabled taxpayers.
View MoreLease transactions have been engaged in by corporations for decades. As with other issues in financial reporting, accounting rule makers have desired to provide useful information about leasing in the financial statements. In February 2016, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-02, which led to the creation of a new accounting standard for leases, Accounting Standards Codification 842.
View MoreThe Accounting and Auditing Policy Committee of the Federal Accounting Standards Advisory Board recently issued technical releases, including one regarding implementation guidance for leases.
View MoreDue to the historic amount of federal pandemic funding, the AICPA Government Audit Quality Center is seeking auditor feedback on how it can best support auditors, particularly those who work with single audits.
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