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Audit, Exit and Succession Planning, Tax
Joe Bruce | 1.30.2020

Are You Ready for Your Big Game?

Learn about the key steps that business owners can take when preparing their succession planning strategy.

Audit, Professional Services
Patti Giudici | 1.24.2020

What is More Beneficial for Professional Service Organizations: Accrual Basis or Cash Basis Financial Statements?

One of the most important decisions management of a professional service organization needs to make as it relates to their financial statements is the

Audit, Tax
James Sayre | 1.24.2020

Simplification of Accounting for Income Taxes – ASU 2019-12

The Financial Accounting Standards Board (FASB) issued ASU 2019-12 on December 18, 2019 based on recommended changes by stakeholders as part of the FASB’s

Audit
Christian Wheeler | 1.15.2020

Evaluating a Firm’s System of Quality Control

On December 17, 2019, the Public Company Accounting Oversight Board (PCAOB) voted to issue a concept release on a potential approach to revisit the PCAOB’s

Audit, Higher Education
Michael Withrow | 1.13.2020

Your Institution Received a Gramm-Leach-Bliley Act Finding in 2019 – Now What?

The Gramm-Leach-Bliley Act (GLBA) is a federal ruling that applies to all entities that collect consumer financial data, including institutions of higher

Audit, Risk Advisory/Internal Audit
Kira Waugaman | 1.8.2020

Six Tips for Writing Effective Internal Audit Reports

You’ve successfully planned and executed your audit. Now, it’s time to communicate your findings to the client, board, or committee. Here are

Audit
Adam Goode | 10.22.2019

Reference Rate Reform

Regulators will no longer require panel banks to contribute to the London Interbank Offered Rate (LIBOR) post 2021. Contributing panel bank departures

Audit, Leases
John Sullivan | 10.17.2019

FASB Votes to Delay Leases, Hedging and CECL Effective Dates for Private Companies and Certain Other Entities

On Wednesday October 16, 2019, the FASB unanimously voted to delay the effective dates of three major Accounting Standards Updates (ASUs) for private companies

Audit, IFRS
Schneider Downs Professional | 8.9.2019

Revenue Recognition: GAAP vs. IFRS: What this Means for Your Company

Accountants in America are currently under pressure to comply with Accounting Standard Update 2014-09, “Revenue from Contracts with Customers,”

Audit, Financial Services
Christopher Cerda | 7.29.2019

Delay in New FASB Standard Will Impact Financial Services

As we reported earlier, on July 17 the Financial Accounting Standards Board (FASB) voted unanimously to move forward with delaying the effective start

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