Latest News

EITF Reaches Consensus on Accounting for Cloud Computing Costs
The Financial Accounting Standards Board's Emerging Issues Task Force has reached a consensus on how to account for implementation costs in a cloud computing arrangement that's considered a service...
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COSO Supplements ERM Framework with Industry Examples
The Committee of Sponsoring Organizations of the Treadway Commission, also known as COSO, has added a supplement to its widely used Enterprise Risk Management Framework, including detailed examples...
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7 Lessons From Adopting Rev Rec
Public companies with a December 31 year-end have recently completed months-long (if not years-long) efforts on the adoption of ASC Topic 606, "Revenue from Contracts with Customers" (Topic 606). The...
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Expense Fraud Estimated to Cost $1.9B Annually
Business travel expense fraud is estimated to cost U.S. organizations $1.9 billion per year, based on a new survey. The survey, of more than 1,000 business travelers in the U.S., U.K. and Australia...
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IRS Provides Info on Tax Reform Changes to Moving, Mileage and Travel Expenses
The Internal Revenue Service offered information about changes from the Tax Cuts and Jobs Act on the rules for moving expenses, vehicle expenses and unreimbursed employee expenses, along with higher...
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