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Accounting & Finance

New standards, audit developments and financial reporting news, and what they mean for you.

Two professionals reviewing financial charts at a table

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.

naseem smairat

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.

naseem smairat

Oct 304 min read

A bitcoin coin on a stack of U.S. dollar bills

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.

naseem smairat

Oct 304 min read

Financial report and figures for small business accounting

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

naseem smairat

Oct 294 min read