Accounting
FASB Decides on Accounting Method for Crypto Assets
Companies should measure crypto assets, like Bitcoin and Ethereum, using fair value accounting, the FASB said.
Jason Bramwell
Jason Bramwell is senior staff writer for CPA Practice Advisor. He has nearly 25 years of professional writing experience, the last nine covering the accounting profession. He most recently was a staff writer and editor at Going Concern, and he previously spent five years as a staff writer and editor at AccountingWEB. He can be reached by email at jbramwell@cpapracticeadvisor.com.
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Auditing
PCAOB Adds 3 New Projects to Standard-Setting and Research Agendas
Modernizing auditing standards is one of four goals identified in the board’s draft five-year strategic plan.
Firm Management
BDO USA Admits 69 New Partners and Principals
The class for fiscal year 2023 includes 49 new partners and 20 new principals.
Firm Management
Citrin Cooperman Adds 26 Partners
CEO Alan Badey said, “The daily dedication they bring to their clients is a testament to their excellence.”
Firm Management
Grant Thornton Reaches Record Revenue of $2.3 Billion in 2022
Grant Thornton remains the 7th largest firm in the U.S. by revenue, behind the Big Four, RSM US, and BDO USA.
Firm Management
KPMG Adds 186 New Partners for FY 2023
Eighty-one of the new partners work in advisory, the most of any service line at KPMG US.
Firm Management
Deloitte Promotes 279 to Partner or Principal for FY 2023
49% of the 107 new partners and 172 new principals work for Deloitte Consulting.
Firm Management
Moss Adams Acquires Dallas CPA Firm
Under the asset purchase agreement, the Kurtz & Company team will officially join Moss Adams on Dec. 1.
Accounting
FASB: ’Significant Change’ Proposed for Segment Reporting Rules
The FASB says the proposed ASU would improve disclosures about a public company's segment expenses.
Technology
Here is How to Thwart Cyber Thieves Coming For Your Data
While challenges persist, remote workers can keep data secure by following these nine key tips.
Auditing
PCAOB Fines Four Accounting Firms for Failing to File Form APs
Form AP requires firms to disclose the name of the lead engagement partner on an audit.
Accounting
PwC Racked Up Global Revenue of $50.3 Billion in 2022
Among the firm’s three core service lines, advisory had the biggest revenue growth at 23.5%.