PKF O'Connor Davies Accountants and Advisors
PKF O'Connor Davies Accountants and Advisors

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While putting together this issue of Cyber Roundup compiling cybersecurity incidents occurring in May 2020, I was brought back to my first personal encounter with a computer virus. I can even give you the date – May 5, 2000 ‒ 20 years ago.

PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, announced today that it has promoted Jeffrey Gittler to Co-head of the Firm’s Cannabis Practice. Gittler has been instrumental in the successes the group has achieved to date, and his enhanced role reflects the Firm’s ongoing commitment to serve as leaders in providing valuation, audit, accounting and tax solutions in the cannabis sector.

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-08, Not-For-Profit Entities (Topic 958): Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made (Subtopic 958-605), in part, to eliminate the diversity in practice in recognizing grants received from governmental sources.