- States are beyond annoyed with a court decision in California regarding Bed Bath & Beyond’s store credit.
- Healthcare companies are using unclaimed property services not only to avoid state audits and penalties, but also to find liabilities or make themselves look more attractive in preparation for consolidations.
- The long awaited new standards on revenue recognition, ASU 2014-09 (Topic 606), Revenue from Contracts with Customers will create changes in the process of how revenue is recognized.
- FASB has issued a new standard for financial reporting of leases, ASU No. 2016-02, Leases (Topic 842), affecting companies that engage in leasing for assets such as real estate, vehicles & equipment.
- Baker Tilly talks with Bisnow about cyber fraud threats facing the legal industry and shares solutions about how law firms can protect sensitive data.
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