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Accounting & Finance
New standards, audit developments and financial reporting news, and what they mean for you.
FASB Proposes One Equity Method Test and Clearer Rules on Payments to Customers
Two October FASB drafts would retire the separate partnership test for the equity method and settle when payments to end users must reduce revenue.
Oct 304 min read
Audit Deficiency Rates Fall Sharply as PCAOB Quality Control Standard Nears Its Start
PCAOB staff estimate 23% of inspected 2025 audits had serious deficiencies, down from 38%, as QC 1000 and its newly SEC-approved amendments take effect December 15.
Oct 304 min read
FASB Proposal Would Clarify When Stablecoins Count as Cash Equivalents
Comments are due Nov. 19 on a FASB draft that sets out when a stablecoin may be a cash equivalent and requires companies to break down what their cash equivalents hold.
Oct 304 min read
Top Accounting Practices for Small Business Success
In the world of small business, effective accounting practices can be the difference between thriving and merely surviving. Many entrepreneurs underestimate the importance of sound financial management, often leading to cash flow issues and missed opportunities. This blog post will explore essential accounting practices that can help small businesses achieve long-term success. Eye-level view of a calculator and financial documents on a wooden table Understanding the Basics of
Oct 294 min read
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