Accounting News from Accounting Today

The Governmental Accounting Standards Board released an implementation guide with questions and answers clarifying the requirements related to subsidies.

Financial operations platform Ramp, traditionally associated with outbound payments, now has a solution for inbound payments via the new Ramp Accounts Receivable product.

The Financial Accounting Standards Board issued a proposed update to improve the accounting guidance for residential mortgage servicing rights.

The Internal Revenue Service attracted nearly 13,000 attendees to its Nationwide Tax Forums, which wrapped up last week in San Diego.

The private equity-backed Top 50 Firm launched a legal services practice called Sorren Law that will serve clients in Nevada, Idaho and Texas.

Accounting Today is calling for nominations for its annual Top 100 Most Influential People list of thought leaders, decision-makers, standard-setters and others who are shaping the future of the profession.

The Fastest-Growing Firms are taking two main approaches: moving to advisory, and laser-focusing on niches.

Plus, FloQast launches governed workflow agents, AI journal review; CPA Crossings launches AI-enhanced CPE management; and other accounting tech news.

If your firm is struggling to staff an advisory practice, it's worth asking whether an EA could be the ideal candidate you're overlooking.

The National Association of Tax Professionals is asking Senate Finance Committee leaders to prod their colleagues to take up the wide-ranging legislation.

The Defense Department plans to shift from its traditional use of cost accounting to the more widely prevalent U.S. GAAP to make it easier to do business with companies.

Nearly one in seven bookkeeping, accounting and auditing clerks in America is age 65 or more, and in some metropolitan areas it's nearly one in four.

An API solution lets accounting firms provide essential business filing services to clients in all 50 states.

Before concluding that offshoring doesn't work for CPA firms, would it be worth asking what actually doesn't work in the relationship?

For many firms managing leases in the U.K. and Ireland, FRS 102 has long been a stable part of the reporting landscape, but that's changing with Section 20.

The Public Company Accounting Oversight Board voted to adopt amendments that ease the requirements of its QC 1000 quality control standard for auditing firms.

Sharon Osbourne filed to remove Colin Newman, her late husband Ozzy's long-term accountant, as an executor of the rock star's estimated $100 million estate.

The Governmental Accounting Standards Board released a discussion memorandum on the design of the GASB-GAAP Taxonomy and digitization of government financial statements.

The update changes how investment companies such as mutual funds can measure the fair value of an equity security subject to a contractual sale restriction.

A reporting systems with more options may lead to the market becoming less standardized.