FASB Proposes Later Standards Deadlines for Private Companies
The Financial Accounting Standards Board says it wants to make a two-year stagger of implementation deadlines standard practice.
FASB Gives Private Companies Breathing Room on Lease Accounting
FASB members voted unanimously to propose moving back the effective date for lease accounting and two other major new accounting standards.
CFOs Remain Cautious With Corporate Cash
U.S. companies have not relinquished their liquidity buffers or their habit of keeping cash in ultra-safe investment vehicles.
Consumers Boost Citigroup’s Second-Quarter Performance
The first major bank earnings report demonstrates consumers may be key to the second-quarter profits of the largest financial institutions.
Goodwill Impairment Testing: Time to Revisit?
FASB’s invitation to comment on goodwill accounting lays out possible cases for doing away with or improving impairment testing.
Working Capital Scorecard: The Hard Part of Boosting Liquidity
With payables stretched to the limit, wringing more cash out of working capital will be a challenge.
Will Private Equity Takeover Benefit or Hurt Acumatica?
Jon Roskill, CEO of Acumatica, said his company couldn't have asked for "a better match of technologies, strategies, and cultures."
Israeli Company Defrauds SPAC Investors
To get a merger approved, the company, Ability, and two of its executives lied to investors about a "game changing" product, says the SEC.
Walmart FCPA Case Cites Poor Internal Controls
The Securities and Exchange Commission today charged Walmart with dragging its feet on anti-corruption compliance for more than a decade.
The Reason the Fed May Need to Cut Interest Rates This Year
The "real" economy won't benefit much from a rate reduction, but the Federal Open Market Committee may have other things on its mind.
Audit Firms’ Problems Are Also Cultural
The SEC's case against KPMG demonstrates that sloppy audits and conflicts of interest aren't the only challenges the Big Four face.