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ASU 2016-02: How the Lease Standard Will Impact Drilling Companies

On February 25, 2016, the Financial Accounting Standards board (“FASB”) issued ASU 2016-02 on leases, which is effective for calendar periods ... read more >

Checking in on the PCAOB in a Time of Transition

The Public Company Accounting Oversight Board (PCOAB) has experienced a transformation in recent months, including the appointment of a new chairman and ... read more >

How to Beat the Exam Nicknamed Can't Pass Again: Tips to Passing the CPA Exam

The passing rate of each of the four parts of the CPA exam is about 50%. And although we tend to sometimes focus on the half who fail, remember: 50% of ... read more >

SEC Approves Final and Proposed Rules in Latest Open Meeting

Staying busy this summer, the SEC on June 28, 2018 they voted to approve five final rules and proposals that represent significant progress on many of ... read more >

Revenue Recognition- Member Owned Private Organization

In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606), ... read more >