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Latest News & Web Pages
IPSASB proposes tweaks to public sector accounting standards
7+ hour, 34+ min ago (278+ words) The International Public Sector Accounting Standards Board proposed a set of narrow changes in its standards for government entities, mainly to align them with recent guidance for businesses from the International Accounting Standards Board. The IPSASB issued two exposure drafts…...
Tax Fraud Blotter: Running backlash
3+ hour, 35+ min ago (682+ words) Smallwood earned about $500, 000 in NFL paychecks in 2020 and 2021 " after he began carrying out the fraud. His conviction marks a steep fall for the former athlete, who rose from Wilmington's tough streets to making $3 million over six seasons with the NFL....
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9+ hour, 22+ min ago (12+ words) IRS to revamp Form 990 to require more info from charities'Accounting Today...
Updated Investor Alert: Don't get "-ished" " Tips to Protect Your Investment and Financial Accounts from Phishing, Smishing, and Vishing Scams
18+ hour, 35+ min ago (359+ words) What are phishing, smishing and vishing? What type of information do these scammers want and why do they want it? Fraudsters use "-ishing" scams to steal personal information that may allow them to gain access to your e-mail, financial, or…...
Pw C pays $166 M to settle HK Evergrande audit probe
9+ hour, 3+ min ago (520+ words) Pricewaterhouse Coopers LLP agreed to pay HK$1. 3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant China Evergrande Group. Hong Kong's Accounting and Financial Reporting Council also imposed a six-month suspension…...
Two relationships that will define the next decade of client value
14+ hour, 24+ min ago (660+ words) Your best clients will work with more than a dozen financial professionals over the next 20 years. Bankers. Insurance agents. Attorneys. Lenders. Payroll providers. 401(k) recordkeepers. Valuation firms brought in for a single transaction. Two of them will still be there at…...
FASB provides guidance on paid-in-kind dividends
9+ hour, 2+ min ago (217+ words) The update stems from a recommendation by FASB's Emerging Issues Task Force, after some of FASB's stakeholders voiced concerns that current GAAP doesn't address how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock." To address these concerns,…...
KPMG premiers monthly close AI assistant
1+ day, 9+ hour ago (120+ words) Big Four firm KPMG announced the release of a new AI assistant, Ignite Financial Close Companion, developed in cooperation with Google and HR platform Workday to assist with the month-end closing process for legal entity controllers and accounting analysts." The…...
A new way to experience Accounting Today
1+ day, 9+ hour ago (305+ words) We're proud to introduce the redesigned Accounting Today home page, a transformation inspired by how today's accountants learn, connect and grow. The changes are coming to our home page on Thursday, April 23. Our goal was simple: to make it easier…...
ISSB plans practice statement on nature-related disclosures
1+ day, 5+ hour ago (294+ words) The decision on Wednesday follows the ISSB's work to specify aspects about material information on nature-related risks and opportunities for companies to disclose, drawing on the Taskforce on Nature-related Financial Disclosures framework, which the ISSB began taking responsibility for maintaining…...