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SEC Approved Amendments Made to Govern Money Market Mutual Funds

On July 23, 2014, the Securities and Exchange Commission (SEC) approved amendments upon reforms adopted in March 2010, to govern money market mutual funds ... read more >

Development Stage Entity Updates

Earlier this month, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10, which effectively eliminates the classification ... read more >

Term Limits for Auditors of Public Companies

In February 2014, the Public Company Accounting Oversight Board (PCAOB) stated it will no longer focus on passing regulations which would ultimately impose ... read more >

President Obama Nominates Mary Jo White to Chair SEC

On Thursday, January 24, 2013, in one of the first actions as part of his second term, President Obama nominated Mary Jo White, a former prosecutor from ... read more >

Postcard from the 2012 EACUBO Pittsburgh Workshop

For the fourth consecutive year, Schneider Downs, in conjunction with the Pittsburgh Area Eastern Association of College and University Business Officers ... read more >

Changes in Group Audit Requirements are on the Horizon


By Charles Oshurak

A lot of time and effort has been given to the issue of global harmonization of generally accepted accounting principles while, over a similar period, ... read more >

FASB and IASB to Re-expose Proposed Leasing Standard


By Charles Oshurak

The Financial Accounting Standards Board and the International Accounting Standards Board met once again on July 21, 2011 and agreed to re-expose the currently proposed leasing standard for comment.... read more >

SEC Study Offers Recommendations Against Additional Section 404(b) Exemptions

Based upon requirements within Section 989G(b) of the Dodd-Frank Act, in April, the Securities and Exchange Commission’s (SEC) Office of the Chief ... read more >

SEC Issues New Guidance on Changing Accountants

The Corporation Finance Division of the SEC has recently updated its compliance and disclosure requirements related to a registrant’s announcement ... read more >

New Say-on-Pay and Golden Parachute Compensation Requirements Adopted by the SEC

On January 25, 2011, the SEC adopted new rules regarding shareholder approval of executive compensation and the golden parachute compensation arrangements ... read more >