Withum

DECEMBER 4, 2024

In addition, taxpayers who design buildings owned by governmental entities, tax-exempt organizations, and Indian tribal governments could also benefit because those entities are now able to allocate the Sec. The election must be reflected for financial accounting purposes or the books and records of the company as well.

Tax

Withum

JANUARY 29, 2025

Introductory Course in Financial Accounting at Baruch College This Friday, I will start a new semester teaching the introductory course in financial accounting at Baruch College, my alma mater. About 60% of the students are split between accounting and finance majors.

financial statements

Going Concern

OCTOBER 25, 2024

The Tax Practitioners Board, which regulates the country’s tax agents, told parliament on Thursday it is still investigating links to overseas partners who received confidential government information as part of its ongoing inquiries into potential wrongdoing by former PwC Australia personnel. accounting standard setter’s meeting last week.

accounting and finance

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). She has served on the GASB’s Disclosure Framework Task Force and is a former president of the AAA Government & Nonprofit Section.

Wisconsin

Accounting Today

JULY 30, 2025

Accounting Payroll ADP Employment data MORE FROM ACCOUNTING TODAY Tax Corporate AMT proposed regs revised The IRSs Notice 2025-28 will affect applicable corporations with financial statement income attributable to investments in partnerships. year-over-year.

Technology

CPA Practice

OCTOBER 22, 2024

Founded in the early 1980s, BSB grew its local footprint and expertise in tax, financial accounting, and assurance services over the years via mergers with similarly sized, like-minded firms.

Virginia

Accounting Today

JULY 30, 2025

Accounting Payroll Paychex Small business Employment data MORE FROM ACCOUNTING TODAY Tax Corporate AMT proposed regs revised The IRSs Notice 2025-28 will affect applicable corporations with financial statement income attributable to investments in partnerships. year-over-year.

Technology

Going Concern

FEBRUARY 13, 2025

Sign up now to view the complete candidate list and connect with potential hires.

Account

Withum

JUNE 11, 2025

Importantly, it documents the sponsor’s fiduciary oversight and can serve as evidence of prudent governance. service delivery, data integrity, financial accountability, and compliance) is evaluated comprehensively and constructively. Clinical Experts – Offer insights on care quality and utilization.

Account

SMBAccountant

DECEMBER 2, 2020

Many small business government contractors are exempt from complying with cost accounting standards (CAS) and defined by the code of federal regulations (CFR). However, compliance with generally accepted accounting principles (GAAP) is required. What exactly is GAAP? All publicly traded companies are required to follow GAAP.

Government

CPA Practice

MAY 1, 2024

The Board of Trustees of the Financial Accounting Foundation ( FAF ) is seeking nominations for new members to join the Financial Accounting Standards Advisory Council ( FASAC ) for an initial one-year term beginning January 1, 2025. Corporate governance community.

financial accounting

SMBAccountant

APRIL 2, 2024

Adhering to these rules ensures transparency, accountability, and responsible use of taxpayer dollars. Understanding these regulations early on is crucial for small businesses to secure and manage government funds effectively. Seeking guidance from experts can further enhance success rates in navigating grant-related challenges.

Government

Accounting Today

NOVEMBER 19, 2024

The Financial Accounting Standards Board issued a proposed accounting standards update to establish authoritative guidance on the accounting for government grants received by business entities.

Government

CPA Practice

MARCH 31, 2023

The Financial Accounting Standards Advisory Council ( FASAC ) held its quarterly meeting on Tuesday, March 7, 2023. Council members who are investors suggested that the Board consider the evolution in investors’ use of financial information in developing standard definitions for certain key financial performance indicators.

accounting standards

LSLCPAs

MARCH 11, 2024

The month-end close process is a critical aspect of financial management for organizations of all sizes. The post The Importance of Month-end Close Process in Your Local Government Finance Department (and 4 Software Solutions To Help Get It Done) appeared first on LSL CPAs. Timely and accurate month-end close processes.

Government

CPA Practice

MARCH 14, 2023

This article will provide a general overview of the current reporting requirements for foreign financial assets on the Report of Foreign and Financial Accounts (“FBAR”) and on Form 8938 under the Foreign Account Compliance Act (“FATCA”). person concerning that account or has any signatory authority over the account.

income tax

Cherry Bekaert

MARCH 9, 2023

persons for nonwillful compliance failures to file reports of foreign bank and financial accounts, is assessed against each report that is required to be filed and is not assessed against each bank account required to be reported. Foreign Bank and Financial Accounts Report (FBAR) A U.S. Originally, the U.S.

financial accounting

SkagitCountyTaxServices

JUNE 8, 2022

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.

accounting principles

Going Concern

AUGUST 5, 2022

Meet the accountants who may become the new power brokers of taxes. [ needs full access to Chinese company audit papers to resolve accounting dispute -watchdog [ Reuters ] The U.S.

Account

Cherry Bekaert

MAY 9, 2024

The Governmental Accounting Standards Board (GASB) has issued Statement No. 102, Certain Risk Disclosures , to provide users of government financial statements with essential information about risks related to a government’s vulnerabilities due to certain concentrations or constraints. Earlier application is encouraged.

financial statements

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. I’m excited to get started!

Missouri

Going Concern

DECEMBER 22, 2023

Dyson Named PCAOB Chief Information Officer [ PCAOB ] The Public Company Accounting Oversight Board (PCAOB) announced Wednesday the appointment of Pamela C. And I felt that both emotionally and professionally… and [so have] all of our people,” she tells The Australian Financial Review. As CIO, Ms. PwC declined a request by Sen.

auditor

Going Concern

OCTOBER 7, 2022

Accounting’s Big Lie — and How to Fix It [ Project on Government Oversight ] A colossal conflict of interest compromises the auditing of public companies and the financial security of everyone who depends on them. The Project On Government Oversight is planning a conference on what to do about it.

Illinois

PYMNTS

JANUARY 24, 2021

Business software maker Cygnet Infotech has updated its FACE ( Financial Accounting Comprehensive and Easy ) accounting software platform, according to a published report. The new version supports accounting for multiple companies working in multiple currencies, among other aspects, the report stated.

Account

CPA Practice

JULY 23, 2024

Investors, accounting firms, and other stakeholders have until Oct. 21 to provide comments on a new proposed Accounting Standards Update (ASU) issued by the Financial Accounting Standards Board (FASB) on Tuesday that aims to clarify rules on derivative accounting.

Account

Going Concern

JULY 29, 2022

is in the midst of a long-awaited overhaul of the audit and accounting industry, which will bring with it a new regulator to replace the FRC called the Audit, Reporting and Governance Authority. Higher sanctions and more concluded cases come as the U.K.

audit

PANALITIX

MAY 31, 2021

Management accounting. Financial Accounting. To analyze and report (usually to management who may or may not be ‘financially literate’) on financial transactions that impact business performance. Here are some examples: Specialization. Description. Corporate Finance.

Account

CPA Practice

MAY 30, 2023

Starting in 2024, the redesigned CPA exam places a greater emphasis on technology and analytical skills, as well as on tax, accounting, and audit. The AICPA Governing Council last week passed a resolution supporting the Pipeline Acceleration Plan.

CPA

CPA Practice

JANUARY 30, 2023

The Financial Accounting Foundation (FAF) said on Monday it is planning to give investors and other stakeholders greater online access to financial accounting standards for public and private companies, as well as for governments.

accounting standards

Going Concern

MARCH 4, 2022

SEC Chief Accountant Lauds FASB for Engaging Investors, Stakeholders on Potential New Standards [ JD Supra ] Paul Munter, acting chief accountant for the SEC’s Office of the Chief Accountant, on Feb.

audit

CPA Practice

OCTOBER 22, 2024

These may be available from federal, state and local governments and are generally income-tax free. Money Management Gather a list of your financial accounts, account numbers and contact information for each company. Sources of cash in a disaster Research special disaster relief funds.

income tax

CPA Practice

APRIL 27, 2023

The Financial Accounting Foundation (FAF) has given the financial reporting community an opportunity to raise potential concerns about compliance with the due-process procedures of the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB).

accounting standards

Withum

JULY 13, 2023

Environmental, Social, and Governance (ESG) issues have become increasingly important for businesses in recent years. Materiality is a critical concept in financial accounting that refers to the significance an internal or external issue could have on a company’s financial performance or reputation.

Government

Going Concern

NOVEMBER 18, 2022

Then it becomes a choice of giving it to the government or building the house of your dreams.”. Federal agents raid San Luis Obispo accounting firm [ CalCoastNews ]. Financial Accounting Foundation issues new strategic plan [ ABA Banking Journal ]. Among the 25 bullet points, No. Other Stuff.

Technology

Going Concern

JANUARY 25, 2023

When Thomson Reuters reported late last year that the Financial Accounting Standards Board (FASB) had proposed an eighth round of changes to lease accounting rules 1 , accounting and finance execs around the country channeled their inner Charlie Browns with a collective, “Good grief!”

Account

Going Concern

MAY 12, 2023

Former NSW Supreme Court justice Anthony Whealy, KC, now the chair of the Centre for Public Integrity, said the federal anti-corruption legislation could catch government contractors, such as PwC, and operated retrospectively. 1, 2024, the Financial Accounting Foundation said.

CPA

Xero

DECEMBER 13, 2023

Trend #4: Carbon accounting the next frontier for compliance We’re well into the critical decade of climate action and pressure will begin to mount on governments and industries to reduce their carbon emissions to meet the IPCC’s 2030 deadline.

Technology