Mondaq USA: Accounting and Audit
Moritt, Hock & Hamroff LLP
Many accountants and valuation experts are anxiously attempting to predict the contents of the revised Section 2704 regulations from the IRS on the valuation of family limited partnerships...
Ropes & Gray LLP
On Monday, November 2, President Obama signed the Bipartisan Budget Act of 2015 into law, effecting sweeping changes to the rules governing audits of entities treated as partnerships for U.S. federal income tax purposes.
Ostrow Reisin Berk & Abrams
Many restaurants and retailers sell gift cards to consumers.
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.
Jones Day
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.
Dentons (US)
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.
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Womble Carlyle
Last week, President Obama signed H.R. 1314, the Bipartisan Budget Act of 2015, which dramatically changes the manner in which partnerships are audited and taxed by the IRS.
Frankfurt Kurnit Klein & Selz
Here's some news for companies that have to comply with the privacy provisions of the Health Insurance Portability and Accountability Act ("HIPAA").
Ostrow Reisin Berk & Abrams
The accounting rules require that the value of goods and certain types of services should be recognized in an organization's financial statements.
Thompson Coburn LLP
In June 2015, the Internal Revenue Service released updated audit guidelines for nonqualified deferred compensation plans.
Morrison & Foerster LLP
On November 2, 2015, President Obama signed the Bipartisan Budget Act of 2015 (the "Bill"), which repeals the TEFRA Unified Audit Procedures and replaces them with a radically modified "corporate" model for partnership tax audits.
Proskauer Rose LLP
The Bipartisan Budget Act of 2015, signed into law on November 2, 2015, has significantly changed the partnership tax audit rules, effective for tax years beginning after December 31, 2017.
De Brauw Blackstone Westbroek N.V.
Enforcement actions by criminal and supervisory authorities are settled regularly.
Scott & Scott LLP
Microsoft is in the process of transitioning many of its volume-licensing customers from the Select Plus Agreement to the new Microsoft Products and Services Agreement.
Ostrow Reisin Berk & Abrams
The new IRS regulations are going to create many accounting questions and tax issues for the 2014 tax year.
Strasburger & Price, L.L.P.
On November 2, 2015, the Bipartisan Budget Act of 2015 became law. Buried in the BBA are new rules replacing the long-standing Tax Equity and Fiscal Responsibility Act of 1982 and the Electing Large Partnership rules that previously governed partnership audits.
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