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Key Accounting Challenges Facing Professional Services Businesses

Basis 365

JULY 21, 2023

Service-based businesses, such as marketing agencies or management consultants, face several accounting issues that are unique to their industry. Accounting standards, such as ASC 606 (IFRS 15), provide guidance on revenue recognition for these types of businesses.

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Account accountant accounted accounting principles 52
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Friday Footnotes: Deloitte Partner Scammed By Other Deloitte Partner; Big 4 Legal Grows; A $3.5 Billion Error | 2.17.23

Going Concern

FEBRUARY 17, 2023

KPMG to cut about 200 staff amid consulting work slowdown [ Australian Financial Review ] This is separate from KPMG US layoffs announced earlier this week. The changes to current standards center on leases between entities under common control, such as a parent and a subsidiary or affiliates.

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Legal audit auditor South Carolina 98
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