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OMB Relief for Recipients of Federal Financial Assistance Due to COVID-19

Learn more about the OMB relief for recipients of federal financial assistance due to COVID-19.

Coronavirus Pandemic - Accounting and Financial Reporting Impacts under U.S. GAAP

Learn more about how companies are adjusting to the challenges posed by the coronavirus pandemic including managing a remote workforce, lost sales, and temporary orders to shut down.

Are You Ready for Your Big Game?

Learn about the key steps that business owners can take when preparing their succession planning strategy.

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
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Audit, Tax
James Sayre | 1.24.2020

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
Audit
Christian Wheeler | 1.15.2020

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

Six Tips for Writing Effective Internal Audit Reports

You’ve successfully planned and executed your audit. Now, it’s time to communicate your findings to the client, board, or committee. Here are
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Audit
Adam Goode | 10.22.2019

Reference Rate Reform

Regulators will no longer require panel banks to contribute to the London Interbank Offered Rate (LIBOR) post 2021. Contributing panel bank departures
Audit, Leases
John Sullivan | 10.17.2019

FASB Votes to Delay Leases, Hedging and CECL Effective Dates for Private Companies and Certain Other Entities

On Wednesday October 16, 2019, the FASB unanimously voted to delay the effective dates of three major Accounting Standards Updates (ASUs) for private companies
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