Thought Leadership

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What is "Materiality"?

Materiality is a concept used to determine what's important enough to be included in, or omitted from a financial statement. In late October, the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) voted to finalize a revised definition of materiality in…

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Lease Terms are Being Revised to Avoid New Lease Accounting Rules

A desire to avoid lease accounting rules for new contracts has debt-strapped private companies exploring new avenues. But why? Some fear that by implementing the guidance, they would violate loan covenant agreements with lenders that limit the liability amounts they’re allowed to carry. However,…

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Measuring Equity-Based Awards' Fair Value

Stock options and other forms of equity-based compensation are often awarded by cash-strapped start-ups and high growth firms to attract and retain skilled employees. These rewards can also provide incentives to boost performance and add value. However, there’s a downside: accounting for these…

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Is Investing in Secondaries Right for You? Part 2

For years, secondary funds were the poor, forgotten cousin of alternative investment funds. The secondaries market had limited activity, mainly from limited partners (LP) trying to exit their investments in old closed-end funds.

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SEC Extension Allows Companies to "Test the Water"

Has your company ever considered issuing public stock? The Securities and Exchange Commission (SEC) recently adopted a rule that would extend the Jumpstart Our Business Startups (JOBS) Act’s “test-the-waters” provision to all companies, encouraging more of them to consider public offerings.

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Wrenching Down GASB 84: The Nuts and Bolts of Fiduciary Reporting

This webinar takes a deep dive into GASB Statement No 84, Fiduciary Activities, which is effective for fiscal years beginning after December 15, 2018. We lead you through the nuts and bolts of GASB 84 so that you understand how to identify fiduciary activities and how to report them.

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Corporate Expansion and Shift Has Investors Concerned

The Business Roundtable (BR) revised its statement of purpose in August; serving shareholders will no longer be corporations’ main purpose. Instead, the scope has been expanded to include customers, employees, suppliers and communities. As a result, investors are concerned about this change, and…

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