- The Financial Accounting Standards Board (FASB) recently issued guidance clarifying which types of transactions will be subject to enhanced disclosure requirements for companies that offset assets and liabilities on their financial statements.
- The Internal Revenue Service has issued proposed regulations implementing the "Employer-Shared Responsibility Provisions," also known as "pay or play," of the Patient Protection and Affordable Care Act of 2010 (PPACA).
- Fraud can be detrimental to an organization, both financially and culturally. Over the years, we have encountered many cases of fraud in a variety of industries. The following three examples reflect fraud our specialists have either discovered or helped investigate, along with behavioral warning signs and tips for preventing similar acts in the future.
- The Financial Accounting Standards Board (FASB) has issued revised standards for public and private companies on how to test indefinite-lived intangible assets, other than goodwill, for impairment. The amendments won’t change how a company measures an impairment loss, but they could allow some companies to skip the performance of the quantitative impairment test on assets such as trademarks, licenses and distribution rights when the likelihood of impairment is low.