SEC Updates: Disclosure Requirements and Definition of Smaller Reporting Companies
The SEC recently issued two promulgations: (1) a rule change amending certain disclosure requirements, and (2) an amendment to the definition of a smaller reporting company. We have summarized the information contained in each.
Related Party Consolidation Guidance Amended by the FASB
The Financial Accounting Standards Board (FASB) recently issued Accounting Standards Update (ASU) 2018-17 Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities.
Cyber Roundup – November 2018
As we gather around the dinner table on Thanksgiving Day, we might all put away our smart phones, give Alexa some time off, and enjoy the “actual” (not “virtual”) company of our family and friends.
IRS Classification of Grantees of Private Foundations
When a private foundation files its annual Form 990-PF, it includes supplementary information to support the Part I, line 25, column (d) amount of “contributions, gifts, grants paid.”
PKF O’Connor Davies Named to Vault’s 2019 Best Accounting Internships, Best Internships for Employment Prospects and Best Internships for Diversity Lists
Firm jumps in rankings to number 8 in Best Accounting Internships with recognition for client interaction, professional development
Fundraising Goes Digital
By 2025, the crowdfunding industry is expected to grow to more than $300 billion. In a nutshell, crowdfunding is raising money through many relatively small donations during a set period of time, typically for a specific campaign or goal, through an online platform.
PKF O’Connor Davies Hires Ralf Ruedenburg to Establish and Lead New German Desk
Principal brings nearly 20 years of experience to strategic European expansion initiative
Beyond Repurchase Liability — ESOP Sustainability Management
Many Employee Stock Ownership Plan (ESOP) sponsors are presented with the challenge of maintaining an ESOP over the long-term.
Revolution in the Workplace: How Companies and Accounting Firms Can Win
Digitization, artificial intelligence and cloud-based systems herald a workplace revolution as temporary professionals come to the rescue.
2019 Cost of Living Adjustments
Plan sponsors should review the cost of living adjustments (COLAs) to determine what, if any, changes need to be communicated to employees via orientation meetings and enrollment forms.
Venture Capital Likes Insurgent Brands
Harry’s, Halo Top, Justins, e.l.f. Cosmetics, KeVita – just to name a few. These are smaller brands that have carved out a nice niche for themselves. Just in case you haven’t noticed, insurgent brands have been gaining market share at a fast pace and have proven to be successful investments.
Valuation Considerations When Recording Gifts-in-Kind of Nonfinancial Assets
The recording of most transactions by not-for-profit organizations, as prescribed by Generally Accepted Accounting Principles in the United States (U.S. GAAP) and contained as codifications within the FASB Accounting Standards Codification, is based on clearly defined, objective, and measurable valuations.