Recent articles
The Expanding Use of Non-GAAP Financial Measures
In Brief There is a long history of businesses reporting non-GAAP financial measures, often to highlight a change in operating structure or illuminate the impact of a merger or acquisition. But since the 1990s, companies have increasingly used non-GAAP financial...
Following Through on the Audit Committee Agenda for 2019: Financial Reporting
In the beginning of the year, Protiviti published our annual audit committee agenda recommendations for 2019, summarized in an earlier post by Protiviti Managing Director (and blog host) Jim DeLoach. Since there is always a lot to unpack in these recommendations, we...
Mastering Fiduciary Activity Reporting For Governments
In Brief GASB recently updated its guidance on the reporting of assets held by governments in a fiduciary capacity. While the clarification on how to differentiate fiduciary and nonfiduciary component units and activities is welcome, the actual details of...
What to Know Now that New Leasing Standards are in Effect
Learn what you need to know to help your clients with the new lease accounting standards.
New Revenue Recognition Guidance and the Potential for Fraud and Abuse
In Brief Now that FASB’s new revenue recognition standard is effective, it is worth considering how well the guidance meets the goals originally set by the board. One of the original motives for the standard was to prevent fraud and abuse in the recognition of...
Audit Implications of the New Revenue Reporting Standard
About the Panelists The panel featured Meredith Canaday, CPA, partner in the department of professional practice at KPMG; Sheri Fabian, technical partner in the national professional standards group at Grant Thornton LLP; and Scott Taub, CPA, managing director at...