On July 9, 2015, the Financial Accounting Standards Board officially deferred implementation of the landmark global revenue recognition accounting standard by one year.
In its 2013 ruling in Windsor, the Supreme Court found that a section of DOMA was unconstitutional.
The rules surrounding revenue recognition in the United States can be tricky. Retailers account for revenue one way, manufacturers another way and nonprofits still another.
Fraudulent activity — whether it's check tampering, skimming from the till or billing schemes — has always been a concern for nonprofit organizations, and this problem is not going away anytime soon.
Food is the new frontier for innovation. Thousands of food and beverage startups, not to mention established big-name players, are tackling some of the greatest challenges of our time...
The significant growth in the business process outsourcing market in the U.S. presents increasing risk for customers.
In privately held companies, equity compensation – the granting of stock options, restricted stock, and other instruments tied to future compensation – offers a tremendous advantage in attracting and retaining talented employees.
High growth companies are focused on new products, building revenue and expanding, leaving little time or inclination to manage back office operations.
A recent flood of negative news about the safety and integrity of nutraceuticals has drawn the attention of politicians, consumers and lawyers, and prompted at least one industry leader to adopt new quality controls.
The Securities and Exchange Commission recently announced the settlement or filing of a number of significant accounting fraud cases.
Foley & Lardner
Audit committees have primary responsibility for overseeing the integrity of a company's accounting and financial reporting processes.
Scott & Scott LLP
I am a partner in Scott & Scott, LLP a firm that focuses on technology law matters in Southlake, Texas.
Almost every company will be affected in some way. But companies in some industries are expected to feel the changes more than others.
The latest ASU gives an acquired entity the option to apply pushdown accounting* when there is a change-of-control event.
If a business elects to use the new alternative, it must also use the private company goodwill amortization alternative created in FASB Update No. 2014-02.
McDermott Will & Emery
OIG is sending audit notice letters requesting specific information and documents, including documentation of compliance with the particular meaningful use measures under review, to each provider in the audit sample.
Here is a quick update on a few of the critical issues being addressed by the Drafting Committee of the Uniform Law Commission (ULC), which is working on a revised Uniform Unclaimed Property Act.
Scott & Scott LLP
Agreements often contain clauses allowing the parties to review books and records, "Books and Records" clauses.
Dickstein Shapiro LLP
Delaware is in the midst of reforming its unclaimed property audit rules, a move that will inevitably affect the myriad businesses headquartered or incorporated there.
Grant Thornton LLP
Software companies are facing a transition to comply with the major accounting changes contained in the new revenue recognition guidance, Accounting Standards Update (ASU) 2014-09.