New FASB Update Focuses on Hedge Accounting Rules

August 28, 2017 

New FASB Update Focuses on Hedge Accounting Rules

The Financial Accounting Standards Board (FASB) has issued a final Accounting Standards Update (ASU) that will improve and simplify accounting rules around hedge accounting. The ASU is effective for public companies in 2019 and private companies in 2020.

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August 22, 2017 

Dr. Sean Stein Smith, CPA, CMA, CGMA, CFE – 2017 40 Under 40 Honoree

Dr. Sean Stein Smith, CPA, CMA, CGMA, CFE Age: 29Employer: Lehman College (CUNY)Title: Assistant ProfessorCity/State: New York City (Bronx), New Yorkhttps://www.linkedin.com/in/dr-sean-stein-smith-dba-cpa-63307444/ Listen to this podcast   Professional Associations/Memberships (please include any leadership roles): NJCPA – He is a member of the NJCPA Content Advisory Board, Student Programs & Scholarship Committee, Emerging Leaders Council, Nonprofit Interest...…

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August 22, 2017 

Melisa Galasso, CPA, CGMA – 2017 40 Under 40 Honoree

Melisa F. Galasso, CPA, CGMA Age: 36Employer: Galasso Learning Solutions LLCTitle: OwnerCity/State: Charlotte, NCWebsite: www.galassolearningsolutions.comTwitter: @hoffmamf, @galassolearning Listen to this podcast   Professional Associations/Memberships: AICPA – Technical Issues Committee Member, Leadership Academy Alum (2014) NCACPA – Past Chair A&A Committee, Past President Charlotte Chapter, Charlotte Women Initiative Co-Chair VSCPA – LEAD Task Force Member, Digital...…

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August 22, 2017 

Kevin Bong – 2017 20 Under 40 Honoree

Kevin Bong Age: 27 Employer: AuditFile, Inc. Title: Co-founder  City/State: San Francisco, California Website: www.auditfile.com Twitter: @auditfile_team   Kevin is a co-founder of AuditFile, where he works closely with Steven Bong to execute the Company’s vision for designing a simple-to-use, sophisticated audit automation solution that empowers firms to prepare for the future of auditing. AuditFile received...…

Steven Bong Auditfile

August 22, 2017 

Steven Bong – 2017 20 Under 40 Honoree

Steven Bong Age: 30 Employer: AuditFile, Inc. Title: CEO City/State: Walnut Creek, CA Website: www.auditfile.com Twitter: @AuditFile_team   Steve is a co-founder and head of development for AuditFile, which introduced the profession’s first complete, cloud-based audit automation solution. Prior to starting AuditFile in 2011, Steve used his degree in statistics from UC Berkeley as an analyst in the financial services...…

 AICPA Supports New Credit Union Audit Report Policy

August 22, 2017 

AICPA Supports New Credit Union Audit Report Policy

The American Institute of CPAs supports the National Credit Union Administration’s focus on the overall integrity of audit report submissions, and recently worked with the regulatory body to remove obstacles to the implementation of a new policy designed

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August 22, 2017 

New Guide Focuses on Revenue Recognition

Thomson Reuters has released PPC’s Guide to Revenue Recognition, providing in-depth and practical guidance for accountants and their clients on the new requirements for how and when revenue is recorded. These changes will impact financial reporting ...