Financial Reporting July 31, 2025
In Absence of Certainty, CFOs Turn to Technology
Finance leaders can make progress toward maximizing visibility and minimizing spend by quickly adopting emerging technologies, including AI and automation.
Small Business December 6, 2024
AICPA Releases Statement on BOI Injunction, FinCEN Appeal
A federal court in Texas has issued an injunction barring enforcement of the Corporate Transparency Act and BOI reporting, until the case is resolved.
Financial Reporting December 5, 2024
Federal Court Blocks Enforcement of Corporate Transparency Act and BOI
A new federal law that would require most LLCs, corporations and partnerships to file disclosures with the Treasury Department, including Beneficial Ownership Information, has been halted by a Texas federal judge.
Accounting Standards December 3, 2024
FASB Targets Credit Losses for Accounts Receivable, Contract Assets in Proposed ASU
The proposal addresses challenges with applying CECL to current AR and contract assets arising from revenue transactions.
Accounting Standards November 25, 2024
GASB Proposes Guidance on Subsequent Events
The proposal defines subsequent events and provides note disclosure requirements in order to reduce diversity in practice.
Financial Reporting November 25, 2024
CFPB Finalizes Rule on Federal Oversight of Popular Digital Payment Apps
The Consumer Financial Protection Bureau (CFPB) has finalized a rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps.
Accounting November 19, 2024
FASB Looks to Add New Guidance on How Businesses Account For Government Grants
The proposal would establish rules on the recognition, measurement, and presentation of a government grant received by a business.
Financial Reporting November 15, 2024
AICPA Has Grave Concerns with BOI Reporting Requirement Timeline
According to the AICPA, there is a worrisome lack of awareness surrounding the reporting requirements for BOI and they have raised these concerns about the complexities around the rule with FinCEN.
Accounting November 15, 2024
Survey Shows Half of Organizations Are Lagging in Tax and Finance Automation
Challenges such as a lack of IT support (34%), budget constraints (31%) and talent shortages (28%) are cited as the main barriers to transformation.
Financial Reporting November 15, 2024
Payhawk Adds Integration with Mastercard Transaction Notifications for Spend Management
Additionally, financial controllers can monitor, and control card purchases for compliance and set up policies for supported merchants and categories.
Accounting November 14, 2024
FASB Seeks Comment on Financial KPIs
An invitation to comment was issued on Nov. 14 as part of the FASB's research project on financial KPIs for business entities.
Accounting November 13, 2024
FASB Rolls Out Plan to Improve Interim Reporting Guidance
A proposal issued on Nov. 13 is intended to provide stakeholders some clarity on the current interim reporting requirements.
Small Business November 13, 2024
SaaS is Up, Ads Are Down and OpenAI Purchases Grow by 600%
The survey found that while broader economic conditions may not seem favorable to consumers, employees are continuing to rely on these tools to do their jobs, even going so far as to pay out of pocket for what they need and submitting them for reimbursement.