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Many companies have yet to disclose a selected methodology for, or an estimate of the financial impact of, implementation of New GAAP revenue recognition.

In an effort to provide more useful information to donors, grantors, creditors and other users of the financial statements, the Financial Accounting Standards Board (FASB) released ASU 2016-14...

On January 23, 2025, barely 72 hours after the appointment of Mark Uyeda as the Acting Chairman of the U.S. Securities and Exchange Commission, and less than 48 hours after Chairman Uyeda...

This new statement is focused primarily on financial disclosures and audit quality.

On December 22, 2017, the Securities and Exchange Commission issued Staff Accounting Bulletin No. 118 to assist companies comply with applicable accounting rules regarding the impact of...

The SEC staff recently issued a report on its review of Regulation S-K, which was required by section 108 of the JOBS Act, the 2012 law that was enacted to increase U.S. job creation and economic growth by improving access to the public capital markets for emerging growth companies.

On 28 August 2017, the Staff updated its interpretive guidance relating to revenue recognition for bill-and-hold arrangements through a release as well as a "Staff Accounting Bulletin".

What are auditors and audit committees doing to get ready for the impending disclosure of CAMs in audit reports ? You remember that, under AS 3101, the new auditing standard for the auditor's report ...

Brattle Principal Adoria Lim and Associate Chi Cheng have authored an article for Law360 on the ongoing changes in the U.S. accounting standards initiated by the FASB and their impact on litigation.

Some companies may indeed benefit from working with a consultant to review software licensing and deployment practices.

Many scenarios create the need for a company to obtain an actuarial valuation.

Business valuations can shape decisions with serious consequences — what a company sells for, what a court awards, what an estate owes. The number itself is only as reliable as the person who produced it and the reputation of that person’s firm. Five factors distinguish a valuation that will hold up from one that will not.

If you're a fund manager of a partnership investing in the United States, you need to prepare for new audit rules enacted by the IRS.

I usually advise my clients to cooperate with the BSA, but to do so without compromising any legal rights.

Auditors can also provide valuable information that is key to operational performance and success and keep you in the loop on best practices and emerging issues in your industry.

Several judicial decisions in the past year have renewed the debate about when the transfer of property during a Chapter 11 bankruptcy is exempt from state and local taxes. Although the debate focuses on a single provision of the Bankruptcy Code, the answer may determine tax liabilities in the hundreds of thousands if not millions of dollars.

The compensation practices of nonprofit organizations in Massachusetts just became subject to increased scrutiny. The Non-Profit Organizations/Public Charities Division of the Office of the Attorney General of Massachusetts announced yesterday that it is turning its attention to compensation paid by health care systems and health care insurers to their executives and directors.

On September 8, 2023, OFCCP announced it posted a new Corporate Scheduling Announcement List (CSAL) for supply and service contractors. OFCCP announced that the list consists of 1,000 federal...