Going Concern
JUNE 3, 2022
Accountant Finds Out Client Has “Skeletons In The Closet”, Gets The IRS Involved And Makes Him Lose Everything [ Bored Panda ] It was posted on Reddit so obviously it must be true. That is a far broader calculation than the old rules, which were based on losses expected imminently.
CPA Practice
JUNE 19, 2023
Professional association leaders warn that accounting staff shortages are popping up nationwide, impairing financial reporting at the same time that Congress has been pushing for more transparency in financial data , which will require even more staff work. So there is a skills shortage as well as an economic disincentive.
Going Concern
MARCH 25, 2022
SEC accepts FASB’s 2022 reporting taxonomies [ CFO Dive ] The Securities and Exchange Commission has accepted updates to the Financial Accounting Standards Board’s GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy, FASB has announced.
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