Two attorneys counsel borrowers on how to break an impasse in loan covenant negotiations.
Business tax executives are expecting reform after the presidential election, and one-quarter want the U.S. to move to a territorial system.
BDO, a Global Six firm, did particularly well, winning 54 new clients compared with 14 losses, for a net increase of 40 engagements in 2014.
U.S. businesses amassed nearly $7 billion in IRS civil penalties in 2013 stemming from tax and accounting mistakes.
Fifty-seven percent of tech company CFOs responding to a BDO survey are still unfamiliar with the new revenue recognition standard.
But chairman Russell Golden faulted the proposed changes for addressing only standards for nonprofits, a move he says could increase accounting…
Audit reviewers may be unduly influenced by preparers' feelings about individual clients, finds recent research.
Audit deficiencies were most prevalent in internal controls, fair value measurement, and revenue recognition, says the IFIAR.
Something is sure to go wrong in the manual process of validating accounts and transaction balances for compliance purposes. Will your systems catch…