Recent articles
A Guide to IRS Mileage Rates for 2022 Taxes
Internal Revenue Commissioner Charles Rettig announced on June 9th that there’ll be increases in the agency’s mileage rates for 2022 taxes, a decision that coincided with members of Congress surmounting partisan differences and clamoring for increases. The changes are...
Improving Audit Quality: Overview of ISQM 1, ISQM 2, SQMS 1, & SQMS 2
Back in my day (gosh, that makes me sound old), audit quality wasn’t really a “thing.” Sure, we did what we thought were good audits, and occasionally they might get reviewed, either internally or by an external firm, but these peer reviews were always rather...
Lease liabilities return to pre-pandemic level as companies adjust to accounting standard
Learn important information about lease liabilities and market changes according to a new report.
FASB plans new standards
The FASB is planning for future accounting standards.
Transfer Troubles: “Sale” or “Secured Borrowing” under ASC 860?
Repurchase agreements, securitizations, and loan participations are all common transactions executed by banks. Unfortunately, these common transactions can be quite the source of “trouble,” as they involve the transfer of financial assets. ASC 860, Transfers and...
May 2022 GASB Update: Statement No. 99 Explained (GASB 87 & GASB 96)
This article provides an update to the GASB standards. GASB 99 discusses additional info on GASB 87 and GASB 96.