Our Audit & Attest Insights keep you informed of the latest news in accounting, audit, tax and advisory.
Article
This article represents the first installment in a series examining the intricacies of the Current Expected Credit Loss (CECL) standard.
The U.S. OMB issued the 2023 Compliance Supplement with two important changes. Learn how this affects entities with federally funded programs
With 100% bonus depreciation phasing out in 2023, taxpayers are reminded of the benefits of Tangible Property Regulations.
Today’s economy is marked by volatility, and recessionary potential continues to bloom; this mix of indicators necessitates a focus on accounting for asset impairment.
On March 29, 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-02.
How can business leaders distill meaning from the data flooding their organizations, sharpening information gleaned from across the company into informed strategy?
The Financial Accounting Standards Board (FASB) recently voted to approve an update to Accounting Standards Codification (ASC) Topic 842, Leases.
Mayer Hoffman McCann P.C. (MHM) today announced that it has signed a definitive agreement to acquire the attest practice of Somerset CPAs and Advisors (Somerset), a leading accounting service provider based in Indianapolis, IN, with a closing effective February 1, 2023.
Unclaimed property refers to certain types of “intangible property” (such as uncashed checks, securities, refunds, customer overpayments, etc.) that a business owes to its employees, customers, vendors, creditors, or shareholders where there has been no activity/contact with the owner of the property for a specified period of time (“dormancy period”).
Reference rate reform is one of the important changes to monitor. Get more information as FASB extends expedient for reference rate reform.
We help your organization understand what an eb plan audit is, how to prepare for one and how to choose the right eb plan auditor for your business.
CFOs have to ensure business interruptions are taken care of after a natural disaster. See what your business interruption plan should cover.
The Financial Accounting Standards Board (FASB) has issued four ASUs so far in 2022. Here’s a quick look at each update and why they are important.
The crypto world is abuzz after the Financial Accounting Standards Board’s (FASB) momentous vote to propose that bitcoin and similar digital assets should be measured at fair value.
The CFO role has seen plenty of changes with cultural and economic shifts. Here are some key changes that have impacted CFO roles and responsibilities.
