BDO

The Financial Accounting Standards Board is proposing to modify the effective date of its Current Expected Credit Losses standard for nonpublic companies, giving many private banks and credit unions an extra year to get ready for the new rules.

The New York State Society of CPAs has elected Jan Herringer, a partner at BDO USA LLP, as president, effective June 1.

The new guidance provides a stronger framework for deciding whether a contribution is conditional or unconditional.

A long-awaited standards update will clarify a key issue in the not-for-profit world.

The Top 10 Firm is expanding its presence in Wisconsin.

RSM and Eide Bailly each forge cybersecurity partnerships; Ralph Thomas receives university alumni award; and more personnel and CPA news.

Foreign affiliates of KPMG, Deloitte & Touche and BDO have agreed to settle charges with the Securities and Exchange Commission for getting involved in audit work that circumvented the Public Company Accounting Oversight Board’s full oversight.

Taxes, cybersecurity, global trade and tariffs, and executive misconduct in the midst of the #MeToo movement are just some of the topics likely to come up at this year’s stockholder events, according to BDO USA.

The Internal Revenue Service’s announcement that it plans to issue regulations clarifying the limitations on carried interest aims to head off a flurry of activity aimed at getting around a provision of the Tax Cuts and Jobs Act.

The firm has expanded its public housing authority practice by acquiring a Valley Forge, Pa.-based accounting and consulting business that focuses on servicing the affordable housing industry.