Spiraling Up

Dec 3, 2020 | Audit

by Ed Schenkein CPAs can assist clients in finding fulfillment in their lives and business. No, that is not a typo or misnomer. Taking a cue from my friend Leslie Jones, Founder of the Spiral MethodTM, to grow, achieve, and acknowledge ourselves is an uplift or...

IRS Initiative to Target High Net Worth Individuals

Aug 11, 2020 | Audit, HNWI, Tax

Last month, the commissioner of the Large Business and International division of the Internal Revenue Service (IRS) announced plans to increase audits on high net worth individuals.  The examinations are expected to target several hundred individuals with assets or...

Real Stories of Firm Innovations in Assurance

Aug 7, 2020 | Audit

  Jeremy Dillard, SingerLewak LLP shares insights on A&A quality control and how their firm utilizes the RIVIO platform to be the one method of delivering secure, digital copies of financial statements to clients.  

SEC issues CF Disclosure Guidance: Topic No. 9A —Disclosure Considerations Regarding Operations, Liquidity, and Capital Resources.

Jul 6, 2020 | Audit, Center for Public Company Excellence, Public & Investor Backed

On June 23, 2020, the Securities and Exchange Commission (“SEC”) issued additional guidance on disclosures that companies should consider with respect to the impact of COVID-19.  As companies are making changes in response to business disruptions and economic downturn...

FASB Offers Limited Effective Date Delays on Revenue Recognition and Leases Standards

Jun 4, 2020 | Audit

One-Year Delays Extended to Certain Companies and Organizations Norwalk, CT—June 3, 2020—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that grants a one-year effective date delay for certain companies and...

FASB Provides Relief to Private Companies and Not-for-Profit Organizations on New Rules on Revenue Recognition and Leases

May 22, 2020 | Audit, Nonprofit, Nonprofit organizations

In recognition of the extraordinary business climate resulting from the COVID-19 pandemic, the Financial Accounting Standards Board (FASB) is providing relief from implementation of two major accounting standards for private companies and not-for-profit (NFP)...