Accounting
New AICPA Chair Focuses on Next Generation of Accountants
Pirolli, a CPA who also holds the Chartered Global Management Accountant (CGMA) designation and the Certified in Financial Forensics (CFF) and Personal Financial Specialist (PFS) credentials, was elected to the one-year AICPA volunteer post by the ...
What “Ghostbusters” Can Teach Us About Conversations
Being intentional is a key to many successful habits and here it plays a major role again. The first step is to make connecting with your peers is to make it a priority. Each day spend 15 minutes twice a day to call someone and have a conversation.
AICPAs Seeks Feedback on Insurance Entities Working Drafts
The FASB accounting standard on Long-Duration Contracts makes targeted improvements to the existing recognition, measurement, presentation, and disclosure requirements for long-duration contracts issued by an insurance company. FinREC and the AICPA ...
IRS Interest Rates Unchanged for Q3 2021
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.
1 in 5 Private Company Execs Feel Unprepared on Lease Accounting
With just a few months to go before private organizations must include most leases on their balance sheets for fiscal years starting after Dec. 15, 2021 (i.e., calendar periods beginning Jan. 1, 2022), one-fifth (19.8%) of privately held organization ...
Audit Risk Assessment Guidance Added to AICPA & CIMA Digital Assets Practice Aid
Each section describes the individual considerations that may be important when performing risk assessment procedures, including the types of procedures that auditors may perform, or are required to perform, to identify and assess risks of material ...
New Data Tool Addresses Organizational Burnout and Takes Guesswork Out of Change
The DHG Advisory practice has launched a new proprietary change analytics platform, Clari3ty, developed by the Healthcare Consulting Team in conjunction with Professor-in-Residence Dr. Victoria Grady, a thought leader in the individual behaviors...
Balance Sheet Liabilities Climb for Private Companies Amid Lease Accounting Transition
The report cautions private companies—many of whom are behind schedule in their transition to the new standard, despite warnings from public companies and other early adopters—that they may be surprised by how much they’ll have to overhaul their ...