Thought Leadership

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Boardrooms Are Looking More Diverse

Companies of all sizes and industries understand the strategic value of bringing diverse voices to the table, not only in their workforce but also in their boards of directors. Recent boardroom diversity studies have identified some key findings and characteristics — beyond diversity of gender and…

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Auditing Accounting Estimates and the Use of Specialists

The Public Company Accounting Oversight Board (PCAOB) recently voted to finalize two related standards aimed at improving audits of accounting estimates and the work of specialists. Though the new, more consistent guidance would apply specifically to public companies, the effects would likely…

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Small Lenders Could See Relief from HMDA Reporting

On May 2, 2019, the CFPB invited public comment on possible amendments to Regulation C, which implements the Home Mortgage Disclosure Act (HMDA). The new HMDA rules would increase the HMDA reporting threshold for mortgages, which means that smaller lenders would not need to c

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Train Employees to Help Stamp out Fraud

If your company is tired of being a fraud target, it’s time to train employees how to recognize and uncover unscrupulous activities — before irreparable damage is done. Here’s how.

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Time Is up Soon on Private Company Leases

This year, it was public companies. Next year, time is up for private companies to comply with new lease accounting rules that could have major effects on their balance sheets. The new standard goes into effect for private entities in 2020; here’s what to expect.

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What Type of Expenses Can’t Be Written off by Your Business?

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. It doesn’t explicitly state that you can deduct office supplies and certain other expenses. Some expenses are detailed in the tax code, but…

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Close-Up on Professional Standards for CPAs

The accounting profession is largely self-regulated by the American Institute of Certified Public Accountants (AICPA). Part of its mission involves the development and enforcement of a broad range of standards for the profession.

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