The new guidance adopted on Tuesday focuses on related-party transactions, significant unusual transactions, and a company’s financial relationships and transactions with its executive officers – key factors in many financial reporting frauds.
The financial labor force has changed, and now adaptable accountants can make a solid career by working as long-term temps, lowering job risk without sacrificing career growth or pay. "Temporary" may be the new name of the game.
Salaries for finance leaders in private and public companies in 2014 have increased 3.3 percent and 3.4 percent, respectively, according to a new survey released by Grant Thornton and the Financial Executives Research Foundation.
The number of CPAs and financial executives who are optimistic about the US economy has surpassed the 50 percent mark for the first time since the recession, according to a new AICPA survey released on Thursday.
According to a new Protiviti survey, 48 percent of the more than 600 audit executives and professionals surveyed reported that their organization had not yet applied the new internal control framework as of the first quarter of 2014.
In a letter last week, a bipartisan group of more than 110 House legislators urged Ways and Means Committee Chairman Dave Camp not to repeal the last in, first out inventory accounting measure in his tax reform plan.
KPMG officials said the acquisition, which will be finalized in the coming weeks, will boost the Big Four firm’s presence in the alternative investments industry and capital markets, including hedge funds.
The one-hour broadcast will provide an overview of the new accounting rule, as well as information on such topics as recognizing revenue over time, contract costs, disclosures, transition, and effective date.
The two standard-setting boards announced the release of the converged standard on the recognition of revenue from contracts with customers on Wednesday morning – the culmination of a joint project that has been in the works since 2008.
Maybe your job description doesn't include "credit repair specialist," but some of your clients likely have credit problems, and you should know how to give them some first aid. Help them separate the good advice from the bad.
Thomson Reuters has released a tax act overview and monthly client marketing newsletter focused on the Affordable Care Act (ACA). The overview provides a summary of key tax-related provisions of the ACA that employers should prioritize in their planning.