At first glance, Russia’s invasion of Ukraine might seem well outside the purview of small to midsize accounting firms, especially in the United States. But while the war is being…
Category: Accounting
Report Looks at Goodwill Impairments Throughout the COVID-19 Pandemic
Total goodwill impairments recorded by U.S. public companies more than doubled in 2020, according to the 2021 U.S. Goodwill Impairment Study (“2021 Study”) released today by the Valuation Advisory Services…
Professional and business services hiring is well above pre-pandemic levels
Professional and business services saw big job gains last month, adding more than 100,000 jobs last month. Think accountants, IT workers, consultants, all of those office jobs many people were…
Companies Must Account for Their Crypto Risks, Says SEC
Companies that hold cryptocurrency assets for clients should account for them on their balance sheets and warn investors of risks associated with safeguarding the digital assets, according to a new…
Preparing Your Business for Lease Accounting Changes
Updated accounting rules for long-term leases took effect in 2019 for public companies. Now, after several deferrals by the Financial Accounting Standards Board (FASB), private companies and private not-for-profit entities…