New Revenue Recognition Guidance - Sooner or Later?

With the origin of the proposed revenue recognition standard Revenue from Contracts with Customers dating back to 2002 (with significant deliberations ... read more >

Are Auditors Expected to Understand Valuation Methods and Assumptions

Auditing fair value measurements can be tricky for an auditor with no valuation experience. Nevertheless, auditors are expected to understand the valuation ... read more >

Group Activities to Use Tax Losses

The Tax Reform Act of 1986 (TRA) brought about a large decline in tax-sheltered investments by instituting section 469 of the Internal Revenue Code, now ... read more >

IRS Releases Its 2012 Data Book - Some Interesting Facts and Statistics on IRS Activities

Tax

By Ron Kramer

Each year the Internal Revenue Service (IRS) releases its Data Book, which details IRS activities during the past fiscal year. The Data Book contains many ... read more >

401(k) Lawsuits and Their Impact

401(k) Plans

By Scott Rain

In recent years, there have been a significant number of lawsuits by 401(k) plan participants against both their employers and their plan’s services ... read more >

Unrelated Business Income - Three Important Tests for Charitable Organizations

As charitable organizations look to diversify their revenue streams, they need to be aware of unrelated business income tax or UBIT. Although tax-exempt ... read more >

Postcard from Schneider Downs' 2013 Internal Audit Team Meeting and Training

On March 18 and 19, 2013, Schneider Downs’ Internal Audit and Risk Advisory Services (IARAS) professionals held their annual team meeting and training. ... read more >

SSAE 16/SOC 1 and Trust Services Principles - SOC 2/SOC 3 - Both are Valuable Reports to User Entities

SSAE 18/SOC

By Donald Owens

With the retirement of SAS 70 and the installment of the Service Organization Control (SOC) examinations, the AICPA has established three service organization ... read more >

Everyone Agrees: Financial Statement Disclosures Causing Problems

IFRS

By Matthew Lynch

As anyone familiar with financial statements can attest, the disclosure requirements for financial statements get more and more complex every year. The ... read more >