“FASB clears the air on profits interest awards guidance.”
Key Elements of FASB Clarifies Guidance on Profits Interest Awards TLDR: FASB released an accounting standards update for profits interest awards New guidance helps
Short seller claims Equinix has accounting issues and operational problems.
TLDR: Key Points: Short seller accuses Equinix of accounting manipulation and questions its operational viability Hindenburg Research claims Equinix artificially inflates profitability metric and
SEC approves 2024 GAAP Taxonomy for financial reporting requirements.
2024 GAAP Taxonomy Approved By SEC TLDR: The SEC has accepted the 2024 GAAP Financial Reporting Taxonomy and the 2024 SEC Reporting Taxonomy The
Senators push for bill to limit GRAT tax advantage.
Summary of Senators introduce bill to curb GRAT tax break TLDR: Key points: A new bill introduced by Senators Ron Wyden and Angus King
EY Partner takes role as Accounting Board’s Technical Director.
Article Summary TLDR: Key Points: An EY Partner, Jackson Day, will serve as the Financial Accounting Standards Board’s next technical director. Day has a
Fast-Weigh unveils new Silo Loadout Module for bulk material accounting.
Fast-Weigh Bulk Material Accounting Software Announces New Silo Loadout Module | Summary TLDR: TAC Insight, a leading provider of cloud solutions, has announced seamless
Support gels for changing convertible debt accounting rules.
TLDR: Accountants and professional groups largely support a proposal by the Financial Accounting Standards Board to clarify convertible debt accounting rules. The proposal aims
PCAOB penalizes Israeli audit firm with $200K fine.
TLDR: PCAOB fines Israeli audit firm $200K for violations Key points: The PCAOB fined Israeli auditor Ilanit Halperin and her firm $200,000 for violating
Women take charge as Certified Accountants, now 30% in India.
“`html TLDR: • Female Chartered Accountancy qualifiers now make up 48% of pass-outs, with overall women CAs at 30%, up from 8% in 2000.
EY’s fresh face unites firm with help from rivals post-split.
Summary of New EY Chief Leans on Rivals to Unify Firm Post-Failed Split TLDR: Key Points: Janet Truncale, the new global CEO of EY,