Accounting Today

JUNE 26, 2025

From the second quarter of 2017 through the fourth quarter of 2020, he collected but did not pay over or report similar taxes to the IRS. All rights reserved. They instead spent the money on country club memberships and season tickets to the San Jose Sharks. Olson was also one of the owners and operators of a day spa in Saratoga, California.

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Accounting Today

JULY 10, 2025

From November 2020 to April 2022, Gregory made false claims to the IRS for the payment of nearly $65.3 For 2015 through 2020, he prepared and filed at least 54 false returns for clients. All rights reserved. million in refunds for the purported farming-and-transportation company Elijah USA Farm Holdings.

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Accounting Today

JULY 21, 2025

We created a vision back in 2020, we call it Vision 2030, and it was based in what we termed exponential growth. All rights reserved. Always be planning The key to exceptional growth for Atlanta-based Top 100 Firm Smith + Howard is goal-setting, shared CEO Sean Taylor. Our growth has been very intentional," he said. "We

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Going Concern

OCTOBER 25, 2024

Fitzpatrick says the audit shows the County Clerk failed to accurately calculate the property tax levy reduction amount collected for 2020, 2021 and 2022. accounting standard setter’s meeting last week. accounting standard setter’s meeting last week. The board also set a 45-day comment period for the update.

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CPA Practice

NOVEMBER 25, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) has announced the appointment of Robert W. Scott to a five-year term on the Governmental Accounting Standards Board (GASB). Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche.

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Accounting Today

JUNE 25, 2025

National Taxpayer Advocate Erin Collins testifying before a congressional committee in October 2020. All rights reserved. Refunds averaged $2,942; slightly more than 81 million refunds were issued via direct deposit.

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Accounting Today

JULY 1, 2025

The firm also reported it has achieved an average annual revenue growth rate of 220% year over year since it was founded in 2020 and now has 17 U.S.-based They want more than a traditional accounting firm — they also want real insights, proactive guidance and strategic support at every stage of growth. All rights reserved.

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Accounting Today

JULY 10, 2025

They analyzed filings from nearly 3,000 public companies from 2016-2020. All rights reserved.

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Going Concern

JANUARY 21, 2025

The accounting body, in alliance with the Australian Accounting Standards Board (AASB) and Malaysian Accounting Standards Board (MASB), seeks to gather insights on current accounting and financial reporting hurdles faced by professionals. Jerkins was arrested on Jan. 14 and granted pre-trial release on Jan.

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Going Concern

APRIL 4, 2025

Since 2020, some of the SECs largest enforcement actions were brought against companies engaged in accounting violations. Eligible whistleblowers may receive awards of between 10% and 30% of the monetary sanctions collected in successful enforcement actions.

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Accounting Today

JULY 11, 2025

All rights reserved. PENNSYLVANIA Maggie Havelka Schneider Downs & Co.,

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Accounting Today

JUNE 30, 2025

Hyderabad, India Dhiraj Singh/Bloomberg ASL is based in Campbell, Pennsylvania, but has hired professionals in more than 20 states since switching to a hybrid and remote environment in 2020. All rights reserved. It was founded in 1977 and serves emerging and middle-market private businesses, and high net worth individuals.

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Accounting Today

JULY 16, 2025

Bourla in 2020 struck an agreement with Israeli prime minister Benjamin Netanyahu to use Israel as a test case for Pfizers Covid-19 vaccine. All rights reserved. In Tuesdays meeting, Mamdani appeared to relent on the matter, the people said, saying he would discourage such language going forward.

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PYMNTS

OCTOBER 18, 2019

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., is offering corporates more time to adopt some revised standards, The Wall Street Journal said on Thursday (Oct. 15, 2020 to adopt changes in the way they report on hedging and leases. 15, 2022 to adopt CECL.

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CPA Practice

MAY 24, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) today announced that Hillary H. Salo, whose five-year term on the Financial Accounting Standards Board (FASB) begins July 1, 2024, will serve as the board’s vice chair upon the start of her term. In this capacity, she will succeed current FASB vice chair James L.

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Going Concern

JANUARY 2, 2023

While the PCAOB has been on a mission to scare the pants off of auditors everywhere in the past year with record fines and scary speeches, the Financial Accounting Standards Board took a much more chill approach to 2022. The FASB’s record breaking year for the past two decades took place in 2010 with 29 new standards issued.

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Anders CPA

JANUARY 8, 2024

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024. She previously served as an Auditing Standards Board Member and a Member of the Board of Examiners for the AICPA.

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Cherry Bekaert

APRIL 26, 2024

The Financial Accounting Standards Board (FASB) issued two Accounting Standard Updates (ASUs) in the first quarter of 2024. The Government Accounting Standards Board (GASB) did not issue any new GASB Statements in the first quarter of 2024.

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PYMNTS

JANUARY 2, 2020

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., has released new guidance on computing costs for cloud computing to take effect for public businesses in 2020. The new information was released in Accounting Standards Update No.

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Katz,Sapper&Miller

MARCH 3, 2020

That means nearly all of these businesses will be impacted by the Financial Accounting Standards Board’s (FASB) update to the accounting standards for leases under generally accepted accounting principles in the United States (GAAP). 15, 2020, will affect both lessors and lessees.

Manufacturing 56

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Cherry Bekaert

OCTOBER 25, 2023

After a period of relative inactivity, standard setters have issued four new standards. The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. incurred credit losses”). incurred credit losses”).

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ThomsonReuters

JANUARY 3, 2022

In October 2020, the FASB added to its technical agenda a project on disclosure of supplier finance program obligations, in light of the absence of explicit disclosure requirements in the FASB Accounting Standards Codification (ASC), also available on Thomson Reuters Checkpoint , together with the proposed rulemaking discussed below.

Finance 98

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Katz,Sapper&Miller

APRIL 16, 2020

On April 15, 2020, the Governmental Accounting Standards Board (GASB) proposed to postpone the effective dates of a significant number of the upcoming GASB statements and implementation guides, which were previously due to be implemented by state and local government units for fiscal years 2019 and later.

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CPA Practice

NOVEMBER 6, 2023

Other key findings of the survey: Average compensation for different categories of positions within the profession increased in a range between 5% and 14%, compared to fiscal year 2020. Hourly billing as a share of revenue dropped from 70% to 65% since fiscal year 2020.

Texas 114

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Cherry Bekaert

JULY 29, 2024

The Financial Accounting Standards Board (FASB) did not issue any new Accounting Standard Updates (ASUs) in the second quarter of 2024, while the Government Accounting Standards Board (GASB) issued one new GASB Statement. The latest issue of the Rundown features a summary of this new standard.

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ThomsonReuters

MAY 19, 2021

These adverse circumstances have served to place a spotlight on the necessity for entities to have processes and systems in place to account for lease modifications properly. So will you apply modification accounting for lease concessions that won’t reasonably affect the entire lease term?

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CPA Practice

DECEMBER 19, 2023

The Financial Accounting Standards Board (FASB) released what is likely to be its last proposed Accounting Standards Update (ASU) of 2023 on Tuesday, focused on improving the application and relevance of accounting guidance related to induced conversions of convertible debt instruments.

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Withum

NOVEMBER 22, 2023

And in 2020, it was discovered that they were hacked in 2019 by Cozy Bear, a/k/a Russian Foreign Intelligence Service. Investors use the Sustainable Accounting Standards Board (SASB) framework to detect these risk factors during pre-investing due diligence and post-investment monitoring.

Government 98

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PYMNTS

SEPTEMBER 12, 2019

To reflect the upcoming adoption of new accounting standards as well as lower interest rates, U.S. The bank also indicated that the accounting standard of Current Expected Credit Loss (CECL), set to take effect in 2020, affected the outlook for growth. Bancorp cut its growth outlook in the long term.

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Going Concern

DECEMBER 22, 2023

Check out these excellent candidates from Accountingfly ready to get to work ASAP Top Remote Accounting Candidates: December 21, 2023 News Wirecard investor lawsuit against EY filed in Munich [ Reuters ] A new investor lawsuit is claiming more than 700 million euros ($771.40

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Cherry Bekaert

JANUARY 29, 2024

The Financial Accounting Standards Board (FASB) issued nine Accounting Standard Updates (ASUs), and the Government Accounting Standards Board (GASB) issued only one new GASB Statement in 2023. The latest issue of the Rundown features a summary of the new standards issued in the fourth quarter 2023.

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CPA Practice

MARCH 1, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) has appointed Lisa Washburn to the position of vice chair and has appointmented David Goldman and Deborah L. Miller, CPA, to the Governmental Accounting Standards Advisory Council (GASAC). All appointees’ terms begin March 1, 2024.

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CPA Practice

JUNE 27, 2023

The Financial Accounting Standards Board (FASB) is looking to improve the accounting treatment for acquired financial assets that fall within the board’s current expected credit loss (CECL) standard , which was issued in 2016.

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Going Concern

FEBRUARY 17, 2023

In its fifth outstanding probe into PwC’s work for British companies, the Financial Reporting Council is investigating the firm’s audits of the 2017 and 2018 accounts of Intu, whose shopping mall business collapsed at the height of the coronavirus pandemic in 2020.

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CBH

APRIL 1, 2019

Last month, the Financial Accounting Standards Board (“FASB”) finalized new guidance that updates its definition of “collections” to be aligned with the definition used by the American Alliance of Museums. In Accounting Standards Update (“ASU”) No. Early application is allowed.

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Snyder

OCTOBER 13, 2022

If you’re reading this, I’m going to assume that your job revolves around accounting. And if that’s the case, then it makes sense that you’d be curious about ASC606 — a new standard that rose to the surface in 2020 and covers revenue recognition. Well, the good news is that ASC606 wasn’t effective until January 1, 2020.

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PYMNTS

JUNE 17, 2016

The Wall Street Journal reported on Thursday (June 16) that accounting rules are taking effect that would ensure that banks would have to report loans going south much earlier than had been done before, which may push reserves higher, eating into profits. The new rules have been issued by the Financial Accounting Standards Board.

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