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...
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...
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...