Financial Reporting
Latest News
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
New Jersey Joins IRS Direct File For 2025 Filing Season
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Uncertainty and Global Risks Outpace Risk Management Processes
Only a third (37%) say their organizations have complete enterprise risk management (ERM) processes in place, and just over a quarter (30%) rate their organizations overall risk management oversight as “mature” or “robust.”
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FASB Aims to Improve Derivative Accounting
Investors, accounting firms, and other stakeholders have until Oct. 21 to provide comments to the FASB on the proposed ASU.
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FASB Wraps Up Work on Its Conceptual Framework By Issuing Final Chapter
Chapter 6 of the framework, issued by the FASB on July 12, pertains to the measurement of items recognized in financial statements.
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GASB Concludes Pension Standards Achieved Objectives
A post-implementation review of GASB 67 and GASB 68 found that the two standards, approved in 2012, met their goals.
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Jury Finds Donald Trump Guilty of 34 Felony Charges in Hush Money Business Finance Case
A New York jury has found former President Donald J. Trump guilty of 34 counts of falsifying business expenses. The jurors had deliberated for about 10 hours over two days, after several weeks of trial in the Manhattan court of Judge Juan Merchan.
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GASB Issues Guidance to Improve Components of Government Financial Reports
GASB Statement No. 103, Financial Reporting Model Improvements, builds on Statement 34 by providing key targeted improvements to the financial reporting model.
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Survey Shows Divide Among Finance Pros When it Comes to the Future of Finance
60% of accounting and finance professionals surveyed say they identify as finance business partners, and 84% of those are extremely optimistic about the future of the profession.
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Uncat Launches Uncat Receipts for Expense Management
Clients can submit receipts via web, email, or text message, providing flexibility and convenience.