Audit and tax firms have long understood that the traditional services for which they are being engaged (e.g., conducting an ...

Many corporate executives continually question and analyze their business practices to achieve their goals more effectively ...

A company's long-term liabilities, such as bonds payable and finance leases, arise from its future cash flow obligations.

Decentralized finance (DeFi) is an emerging peer-to-peer system for conducting financial activity on the blockchain without ...

As an accounting major graduating in the spring, I have had the opportunity to study the ways in which environment, social ...

In Brief The recent surge in inflation has led managers to reassess the best inventory valuation methods—first-in-first-out (FIFO) or last-in-first-out ...

Ongoing Preparation Throughout the Closing Process. A key component of the ongoing planning, documentation, and preparing for the audit is having a consistent and “competent monthly closing”—and the ...

On April 22, 2024, the Office of Management and Budget (OMB) released significant revisions to Title 2 of the Code of Federal Regulations (CFR), including 2 CFR Part 200 (the Uniform Guidance). These ...

Massachusetts—Amendments Clarify Single Sales Factor Enactment, Married Filer Exemptions. On January 3, Massachusetts amended regulations 830 CMR 62.5A.1(6) and 830 CMR 62.5A.1(11) to clarify the ...