Insights

Earlier this year, the Governmental Accounting Standards Board (GASB) issued Statement No. 84, Fiduciary Activities.

The IRS recently issued Revenue Procedure 2017-53 providing guidelines that international grantmakers and qualified tax practitioners may use.

The Financial Standards Accounting Board (FASB) recently issued a proposed Accounting Standards Update (ASU or Update) (Topic 958) intended to clarify and improve the scope and accounting guidance for contributions received and made.

With the recent natural disasters, such as Hurricanes Harvey and Irma, private foundations are called upon to play a critical role in relief and recovery efforts and have traditionally been involved in assisting victims.

Another busy month for cyber criminals: from hacking to spamming to leaking. Even a vital medical device needed a cyber patch to protect its users.

These are the glory days for those seeking to claim the federal research tax credit. This is particularly so for small and middle market businesses and startups.

Equifax, one of the largest credit reporting agencies in the nation, announced yesterday that it suffered a major cyber breach.

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As auditors and advisors, we have a unique vantage point that allows us to identify accounting and financial reporting issues that are, at times, misunderstood by our clients.