A&A Focus recap: Lease challenges, SAS 145, and fraud
The March installment of the monthly newscast series covered topics ranging from year 2 lease accounting issues and commercial real estate risks to SAS No. 145 updates for auditors and fraud risks during audits. Read More
Grant Thornton deal continues the private-equity investment trend
The top 10 firm is the largest to strike a deal with private equity but isn’t the first. Four other noteworthy deals have been struck in the past two years. Read More
Risk concerns remain for CFOs, but they see improvement ahead
Three in five finance leaders say “now is not a good time” to take greater risks, according to Deloitte’s first-quarter North American CFO Signals survey, partly because of expected upcoming interest rate cuts. Read More
Retirement fears do not play out in reality, survey shows
Many approaching retirement age are concerned about whether they will be prepared for life after a regular paycheck, but many who are already retired are faring better than they expected. Read More
4 things CPAs need to know about SEC climate rule
Now is the time to begin preparing for new reporting and attestation requirements. A summary of the 886-page rule by the AICPA and the Center for Audit Quality is a good place to start. Read More
Trust issues: How earning employee trust can pay dividends
While new research reveals that most employers trust their employees, many fall short when it comes to communicating their level of confidence. That lack of clarity can hinder the ability of employees to do their best work. Read More
Decision holding Corporate Transparency Act unconstitutional appealed
The U.S. Justice Department filed an appeal Monday challenging the district court’s decision that the law, which requires businesses to report beneficial ownership information, is unconstitutional. Read More
Economic optimism, hiring plans rise despite continued concern about inflation
Economic optimism, hiring plans rise despite continued concern about inflation compared with the end of 2023, own-company sentiment is higher among finance decision-makers in a quarterly survey released Thursday. Read More
SEC adopts climate-related disclosure rule
Nearly two years after the rule was proposed, the SEC adopted a final rule will that require certain registered companies to disclose material climate data beginning in 2025, including Scope 1 and Scope 2 greenhouse gas emissions, as early as 2026. Read More
Plaintiffs: FinCEN should pause all CTA enforcement
The plaintiffs who won a summary judgment that bars enforcement of the Corporate Transparency Act against them said the Financial Crimes Enforcement Network should pause beneficial ownership information reporting requirements for all businesses. Read More
Digital assets addressed by FASAB
The Federal Accounting Standards Advisory Board issued an exposure draft focused on seized and forfeited digital assets, the latest regulatory body to add guidance related to digital assets. Read More
The auditor’s approach to fraud: Enhanced with forensics
Professionals with forensic and fraud expertise share techniques auditors can use when completing AU-C Section 240 requirements. Read More