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Your Daily Accounting Briefing – 2024-04-10

1 min read
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Let’s see what’s in the news today.

TaxBit’s Aaron Jacob: New FASB Guidance Encourages Digital Asset Adoption

Aaron Jacob, head of accounting solutions at TaxBit, said new crypto asset accounting guidance from the Federal Accounting Standards Board is expected to encourage the adoption of digital assets as it provides more clarity on accounting, reporting and disclosure of such assets. Measuring and reporting digital assets at fair value can bring various benefits, such as greater transparency and insights to inform decision-making, provided that the calculations are made correctly, Jacob said in an opinion article published on Accounting Today.

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To Share Financial Data Or Not: A Nuanced Decision

Want more great content like this? Subscribe to the IPA Monthly. When it comes to disclosing financial information, some firm leaders take an open-book approach while others believe the numbers are for partners’ eyes only. The middle ground involves balancing disclosure to motivate staff while protecting sensitive data.   Randy Nail, MP of Tulsa, Okla.-based […]

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Monday Morning Accounting News Brief: What Do Big 4 Firms Pay These Days?; EY Gets Sued

This week’s news: Just how much do you make at Big 4 firms anyway? Plus India GCCs will carry “the ESG agenda” and some eclipse talk.

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G.T. Reilly & Company Appoints Kevin J. Bonnett as Vice President and Shareholder

Milton, Mass.-based IPA top 500 firm G.T. Reilly & Company (FY23 net revenue of $7.6 million) announces Kevin Bonnett as vice president and shareholder to the firm. Bonnett started at G.T. Reilly & Company in 2009 following his graduation from Stonehill College. Bonnett specializes in audit, tax and consulting services to a diverse portfolio of […]

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RubinBrown Announces Megan Knoblauch as Kansas City MP

Kansas City, Mo.-based IPA top 100 firm RubinBrown (FY23 net revenue of $196 million) announces that Megan Knoblauch will be the new MP of its Kansas City office effective June 1, 2024. Knoblauch, who is also PIC of RubinBrown’s assurance services group in Kansas City. will be assuming the position following Todd Pleimann, who served […]

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