Latest Articles

 Five Ways the Cloud Can Help with Scalability Year-Round

May 30, 2014 

Five Ways the Cloud Can Help with Scalability Year-Round

Many executives are either hesitant to make the transition to the cloud or they have it buried under a twenty-page to-do list. Ironically, moving to a cloud-based phone system has the potential to shorten that list immensely. Switching to the cloud provides a secure and effective means of scaling for seasonal spikes. Cloud-based communication systems…

 KPMG Acquires Rothstein Kass

May 30, 2014 

KPMG Acquires Rothstein Kass

Big 4 accounting and consulting firm KPMG LLP has acquired the hedge fund group Rothstein Kass, the companies have announced. Most partners and employees of Rothstein Kass will join KPMG.

 States Seek Ways to Regulate Bitcoin

May 28, 2014 

States Seek Ways to Regulate Bitcoin

State regulators in Massachusetts and others around the country are taking a close look at virtual currencies as bitcoin continues to grow in popularity.

gasb

May 28, 2014 

GASB Moves to Improve State and Local Government Health Insurance and Benefits Reporting

The Governmental Accounting Standards Board (GASB) has voted unanimously to approve two Exposure Drafts proposing significant improvements to financial reporting by state and local governments of other postemployment benefits (OPEB), such as retiree health insurance. The GASB also approved a third Exposure Draft that would establish requirements for pensions and pension plans that are outside…

Isaac M. O'Bannon

 IASB and FASB Jointly Set New Revenue Recognition Standard

May 28, 2014 

IASB and FASB Jointly Set New Revenue Recognition Standard

The standard will improve the financial reporting of revenue and improve comparability of the top line in financial statements globally. Revenue is a vital metric for users of financial statements and is used to assess a company’s financial performance and prospects. However, the previous requirements of both IFRS and U.S. GAAP were different and often…

Isaac M. O'Bannon