PCAOB May 29, 2026
PCAOB Establishes Inspections Modernization Council
The Public Company Accounting Oversight Board is forming a new advisory panel as the regulator looks to modernize how it inspects the work of public company audit firms.
July 16, 2017
FASB Issues Accounting Standard Update for Equity-Linked Financial Instruments
The Financial Accounting Standards Board (FASB) has issued an Accounting Standard Update (ASU) that simplifies the accounting for certain financial instruments with down round features—a provision in an equity-linked financial instrument (or embedded ...
July 16, 2017
GASB Sets Single Approach for Lease Financial Reporting
The Governmental Accounting Standards Board (GASB) has issued guidance that establishes a single approach to accounting for and reporting leases by state and local governments. This single approach is based on the principle that leases are ...
July 13, 2017
Building an Unbeatable Service: What Every Accountant Needs to Know
Research has found that 87% of small companies want cloud-based services, yet less than 15% of the accounting software that serves them is cloud-based. In other words, there’s huge demand from businesses, including practices like yours as well as the clients you serve, for cloud accounting solutions. Regardless of if your practice has fully embraced,...…
July 13, 2017
The Benefits of a Hybrid Accounting Solution for Accountants and Bookkeepers
When it comes to accounting software, desktop software has served accountants and bookkeepers well and will continue to do so for quite some time. However, just as other professions have already done, accounting and bookkeeping is moving to the cloud.
July 13, 2017
EY Acquires Family Enterprise Business Services Practice of HWSC
Ernst & Young LLP has acquired the Family Enterprise Business Services (FEBS) practice of Headwaters SC, LP (HWSC). James C. Bly, Jr., the founder and CEO of HWSC, has joined Ernst & Young LLP where he will serve as an Executive Director.
July 13, 2017
AccuFund Introduces Work Orders Module
Work Orders is available as a mobile application for iPads and Android tablet devices and as a standard module in the AccuFund Accounting Suite. Work Orders provides municipalities, state governments and nonprofit agencies, including their internal ...
July 12, 2017
Chrome River and Lyft Announce Expense Integration
Chrome River Technologies, Inc., a provider of expense and invoice management solutions, has launched a new automatic receipt forwarding system for Lyft passengers using a business profile.
July 12, 2017
AICPA Acquires High School Accounting Curriculum
The American Institute of CPAs has acquired the Accounting Pilot and Bridge Project (APBP) from Dr. Dan Deines, CPA. The APBP, a program that trains high school educators to teach a higher level accounting curriculum, was founded in 2006 by Dr. Deines ...
July 11, 2017
23% of Companies Haven’t Begun to Adopt New Lease Accounting Standards
While most corporate financial executives are assessing the impacts of the new lease accounting standards issued by the Financial Accounting Standards Boards (FASB) and International Accounting Standards Board (IASB), 23 percent of companies have yet to begin the initial adoption process of the standards, according to a new survey released by PwC US and CBRE...…
July 11, 2017
New CFPB Rule Limits Companies’ Use of Mandatory Arbitration
By forcing consumers to give up or go it alone – usually over small amounts – companies can sidestep the court system, avoid big refunds, and continue harmful practices. The CFPB’s new rule will deter wrongdoing by restoring consumers’ right to join ...
July 11, 2017
Lyft Partners with Expensify to Automate Expense Tracking for Business Travelers
Individuals can set up the automatic expense integration by creating a Lyft Business Profile and selecting “Expensify” in their settings, while company admins can start a Lyft for Business account and invite the entire team to easily monitor ride ...
July 10, 2017
KPMG and Microsoft Partner for Digital Solutions and Audit
KPMG International and Microsoft have announced two important strategic initiatives that will expand the scope of their global alliance: providing clients with a portfolio of digital solutions, and enabling KPMG's smart audit platform, KPMG Clara ...