What is More Beneficial for Professional Service Organizations: Accrual Basis or Cash Basis Financial Statements?
One of the most important decisions management of a professional service organization needs to make as it relates to their financial statements is the
Simplification of Accounting for Income Taxes – ASU 2019-12
The Financial Accounting Standards Board (FASB) issued ASU 2019-12 on December 18, 2019 based on recommended changes by stakeholders as part of the FASB’s
Evaluating a Firm’s System of Quality Control
On December 17, 2019, the Public Company Accounting Oversight Board (PCAOB) voted to issue a concept release on a potential approach to revisit the PCAOB’s
Your Institution Received a Gramm-Leach-Bliley Act Finding in 2019 – Now What?
The Gramm-Leach-Bliley Act (GLBA) is a federal ruling that applies to all entities that collect consumer financial data, including institutions of higher