Priya PatelLet’s see what’s in the news today.
Get all-in-one business banking and accounting with Lili
Lili is a financial technology company that offers business banking, accounting, and tax prep software.
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FASB proposes changes in scope of derivatives and shared-based payment rules
The Financial Accounting Standards Board issued a proposed accounting standards update to request public comments on possible changes to two of its standards.
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Farm Firm’s Accounting Alteration Needed IRS Approval, US Says
The Eleventh Circuit should uphold a ruling that an Arkansas company can’t change its accounting method to claim new deductions without IRS approval, the Department of Justice said.
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UK Audit Watchdog Loses Money as Company Donations Miss Target
The UK’s audit watchdog lost money last year after failing to raise as much money as expected from company donations. The announcement comes as the new Labour government gears up to replace the Financial Reporting Council with a more powerful regulator.
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What Is the Greatest Flaw of Accounting Firm Leaders?
Koltin Consulting Group CEO Allan Koltin talked about this flaw during his keynote speech on leadership at Bridging the Gap 2024.
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