Equifax stock fell 35% after a massive data breach was revealed — and at least one executive is facing criminal charges. Target’s quarterly net earnings plunged 46% following the news that credit card information had been compromised for as many as 110 million customers.
The world is essentially a global network for data transmission, which makes identifying and securing personal information even more difficult. For decades, professionals have been implementing a multitude of risk-based or security-focused frameworks to manage and protect their environments.
Accounting Standards Update (ASU) 2016-04 – Presentation of Financial Statements of Not-for-Profit Entities – significantly changes generally accepted accounting principles (GAAP) that have guided nonprofit entities (Topic 958) for decades.