FASB News Five Areas of Key Reforms to Simplify Hedge Accounting Rules Floated On September 25, FASB proposed five areas of targeted changes to hedge ...

Recently I wrote a short piece concluding that audit opinions still matter. I drafted this essay within the judicial context of a class action lawsuit, which asserted that BDO had committed fraud, or ...

Private companies are increasingly turning to complex financing arrangements, featuring embedded derivatives and contingent events, in order to raise capital and manage risk, according to recent ...

To reduce unnecessary costs, businesses strive to minimize their tax liabilities. Employment taxes, particularly the employer’s share of Social Security and Medicare taxes under FICA, may represent a ...

3. When is a worker eligible for Social Security? Once individuals have worked 40 quarters, they are considered fully insured. A qualifying quarter in 2024 for an employee will require at least $1,730 ...

In a move aimed at bringing greater accuracy to financial reporting, FASB voted on September 18 to issue a proposal clarifying 34 narrow issues in U.S. accounting rules, including earnings per share ...

The liquidation of a partner's entire partnership interest can take various forms, including payment made by the partnership to the retiring partner in complete redemption… ...

As a CPA who has also earned a PhD in behavioral accounting, I have always been qualified to practice forensic accounting. After all, in order… ...

Self-published. Paperback, $24.95 on Amazon Reviewed by Yigal M. Rechtman The first thing to know about this ...

This generalization is held by many forensic accountants and fraud investigators. This is because it’s not mere capability that makes a fraudster—rather, it’s the situation that enables fraud, ...

Identify, protect, detect, respond, and recover: these words will be familiar to everyone who has attended a cyber-security-related update presentation at their organization, discussed cybersecurity ...