Newsletters

All Newsletter Articles

  • Discriminatory plans that meet statutory requirements September 8, 2016 The IRS issued a warning to plan sponsors whose plan designs satisfy numeric antidiscrimination tests, yet still have the effect of steering a disproportionate amount of benefits to highly compensated ...
  • COMPLIANCE ALERT September 8, 2016 Upcoming compliance deadlines: 9/15 Extended deadline for corporate tax returns 9/15 Extended deadline for partnership tax returns 9/30 Summary Annual Report (SAR) due for Form 5500 that was due July 31, unless ...
  • Are you prepared for the new revenue recognition rules? September 8, 2016 This May marks the second anniversary of the publication of the landmark revenue recognition standard. But U.S. companies and their auditors have a lot of work to do before it ...
  • How should the SEC define “accredited investors”? September 8, 2016 Investor groups and private businesses are at odds over who can invest in unregistered offerings. A recent report has stoked the fire, as the Securities and Exchange Commission (SEC) explores ...
  • FASB launches its goodwill simplification project for public companies September 8, 2016 On May 12, the Financial Accounting Standards Board (FASB) issued a proposal to simplify the measurement of goodwill impairments by removing the current requirement for measuring them. Here’s more on ...
  • FASB defers controversial credit loss standard September 8, 2016 The Financial Accounting Standards Board (FASB) has approved publication of its final standard for writing down bad loans and securities. It’s expected to be finalized by the end of June. ...
  • When will the FASB issue its proposal on income tax disclosures? September 8, 2016 The Financial Accounting Standards Board (FASB) recently decided to start drafting its long-awaited proposal on income tax disclosures. Despite the board’s general efforts to streamline the disclosure requirements under U.S. ...
  • AICPA issues clarified attestation standard September 8, 2016 The Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) recently issued its attestation guidance in a new, clarified format. Here are more details on what’s ...
  • Redefining “small” for public companies September 8, 2016 Do you feel overwhelmed by the regulatory red tape that comes with being publicly traded? Relief may be in the works for some companies. The Securities and Exchange Commission (SEC) ...
  • FASB proposes changes to VIE guidance September 8, 2016 In the wake of Enron and other scandals involving off-balance-sheet items, variable interest entities (VIEs) have earned a bad reputation as a tool that may be used by unscrupulous owners ...