Financial Reporting
Latest News
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
New Jersey Joins IRS Direct File For 2025 Filing Season
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Nearly 40% of CFOs Don’t Completely Trust Their Financial Data
When asked what would help their company respond to business disruption, CFOs said one of the most important factors would be the ability to access and analyze financial data in real time.
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FAF Redesigns FASB Website
Revamped websites for the Financial Accounting Foundation and the GASB will also be going live in the coming weeks.
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ADM Stock Plunges After Placing CFO on Leave During Accounting Probe
Vikram Luthar, who had been its CFO since 2022, was put on administrative leave and Ismael Roig will step in on an interim basis.
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Revolutionizing Lease Accounting: Using Technology and Software to Streamline Business Efficiency
At this crucial turning point, a shift from beloved spreadsheets to dedicated lease accounting software has become imperative.
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Wolters Kluwer Launches Beneficial Ownership Reporting Solution
The CTA requires that small businesses and entities subject to the new rule collect, document, and submit previously unreported beneficial ownership information (BOI) to the Financial Crimes Enforcement Network.
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AICPA Says EIN Process Takes Too Long
The AICPA is particularly concerned that, as a result of the new BOI reporting requirements, it will be very difficult, if not impossible in some cases, for entities to meet the 30-day filing deadline.
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Dow Jones Closes at Record High on Latest Update from Federal Reserve
The main indexes took a decisive turn higher after the central bank, as expected, kept interest rates unchanged in its December meeting and gave an update on the number of rate cuts it expects in 2024.
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The Accounting Technology Lab Podcast – Beneficial Ownership Information Reporting – Dec. 2023
Technologists Randy Johnston and Brian Tankersley, CPA, discuss a new regulatory change coming in 2024, and what firms need to know and do for their clients.