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Why Should Skagit County Businesses Care About FASB and GAAP?

SkagitCountyTaxServices

If the last 20 years of the economy’s highs and lows, downturns and headlines taught us anything about business, it’s that complete and transparent accounting is in everyone’s best interest. One independent organization working to keep companies’ books clear and honest is the Financial Accountant Standards Board.

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Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

US accounting standard-setters now wonder if it’s time to look across the Atlantic for guidance. The London-based International Accounting Standards Board issued rules specific to government assistance accounting decades ago. As it turns out, it’s not as simple as copying and pasting.