Financial Reporting
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Dividing a 401(k) in Divorce
Business Execs Say They Are Adopting Generative AI, Despite Risks
The Accounting Technology Lab Podcast – The 2024 CPAPA Thought Leader Symposium – Apr. 2024
U.S. Agency Calls for Audits of AI Systems to Hold Companies Accountable
FAF Redesigns FASB Website
Revamped websites for the Financial Accounting Foundation and the GASB will also be going live in the coming weeks.
ADM Stock Plunges After Placing CFO on Leave During Accounting Probe
Vikram Luthar, who had been its CFO since 2022, was put on administrative leave and Ismael Roig will step in on an interim basis.
Revolutionizing Lease Accounting: Using Technology and Software to Streamline Business Efficiency
At this crucial turning point, a shift from beloved spreadsheets to dedicated lease accounting software has become imperative.
Wolters Kluwer Launches Beneficial Ownership Reporting Solution
The CTA requires that small businesses and entities subject to the new rule collect, document, and submit previously unreported beneficial ownership information (BOI) to the Financial Crimes Enforcement Network.
AICPA Says EIN Process Takes Too Long
The AICPA is particularly concerned that, as a result of the new BOI reporting requirements, it will be very difficult, if not impossible in some cases, for entities to meet the 30-day filing deadline.
Dow Jones Closes at Record High on Latest Update from Federal Reserve
The main indexes took a decisive turn higher after the central bank, as expected, kept interest rates unchanged in its December meeting and gave an update on the number of rate cuts it expects in 2024.
The Accounting Technology Lab Podcast – Beneficial Ownership Information Reporting – Dec. 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss a new regulatory change coming in 2024, and what firms need to know and do for their clients.
FASB Issues New Rules on Segment Reporting
The guidance will provide investors with additional useful information about a public company's segment expenses, the FASB says.