Accounting May 2, 2023
FASB Updates Rules on Common-Control Leases
The guidance pertains to applying the leases standard to related party arrangements between entities under common control.
Accounting April 28, 2023
Deloitte Ousts PwC at the Top of Vault’s 2024 Prestige List
This is the second time Deloitte has finished atop Vault’s prestige ranking, taking the title in 2009 as well.
Accounting April 27, 2023
FAF is Now Allowing You to Tattle on the FASB and GASB
Stakeholders can flag for the Financial Accounting Foundation alleged due-process failures made by the FASB and GASB.
Accounting April 27, 2023
PwC Leads the Pack in Vault’s Top 25 Accounting Firms for 2024 Ranking
PwC has been ranked the No. 1 best accounting firm to work for by Vault for the last 11 years.
Technology April 25, 2023
In a Battle Between ChatGPT and Accounting Students, the Students Won
While ChatGPT still has work to do in the realm of accounting, it is a game changer for teaching and learning, academics say.
Accounting April 25, 2023
CPA Candidates Given 12 Additional Months to Pass Exam, NASBA Says
However, individual state boards of accountancy will still need to adopt this new NASBA policy before it takes effect.
Firm Management April 24, 2023
Deloitte U.S. to Trim Risk and Financial Advisory Staff by 3%
Overall, the Big Four firm will be letting go of roughly 1,200 employees, or 1.5% of its 80,000-person U.S. workforce.
Firm Management April 20, 2023
Top 100 Firms EisnerAmper and Postlethwaite & Netterville Combine
More than 575 professionals from P&N will join EisnerAmper once the deal closes this summer.
Firm Management April 18, 2023
EY is Laying Off 3,000 Employees in the U.S.
The job cuts come less than a week after EY shelved a yearlong plan to restructure the firm globally.
Accounting April 14, 2023
FASB Issues New Accounting Rules for Investments in Tax Credit Structures
Reporting entities can now elect to account for qualifying tax equity investments using the proportional amortization method.
Accounting March 24, 2023
FASB Issues Long-Awaited Exposure Draft on Crypto Asset Accounting
Board said fair value accounting was the right method for crypto assets, not the current cost-less-impairment model.
Taxes March 23, 2023
IRS Sets Initial Guidance on NFTs
The IRS and the Treasury Department are leaning toward treating NFTs as a collectible for tax purposes.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
