FASB Changes Guidance on Determining the Accounting Acquirer of a Variable Interest Entity

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2025-03,...

BDO Bulletin: FASB Clarifies the Accounting for Share-Based Consideration Payable to a Customer

In response to stakeholder concerns about diversity in current accounting practice for share-based...

The Role of Technology in Finance and Accounting: Bridging the Gap with Outsourcing

Have recent technological innovations disrupted finance and accounting functions? It’s true that...

BEPS 2.0: Addressing Organizational Impact of Global Tax Reform

The following are questions for boards and management teams to consider in executing a risk...

Financial Reporting Considerations for Tariffs

In early 2025, President Trump announced tariffs on imported goods from numerous countries. The...

5 Ways Good Boards Go Wrong in Their Oversight of Cybersecurity

Companies across all industries continue to face a growing landscape of cyber risks, including...

Building Better Auditor-Client Relationships: Practical Solutions for a Smoother Audit Process

The annual audit process remains a significant source of stress for both municipal finance teams...

Accounting Challenges and Opportunities in Chapter 11 Bankruptcy

Filing for Chapter 11 bankruptcy can bring a new lease on life for a struggling company. During...

Risk Management and Resilience: Navigating Uncertainties

Risk isn’t static. With novel threats continuously emerging, internal and external pressures that...

GASB 103, Financial Reporting Model Improvements

GASB 103, Financial Reporting Model Improvements On May 28, 2024, the Governmental Accounting...