The board has voted to defer the effective date of its long-duration insurance contract standard for one year in response to the pandemic.
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October 6, 2020
Upcoming Events October 6, 2020
Daily Briefing
FASB delays insurance standard, focuses on post-implementation reviews
By Michael Cohn      7 min read
The board has voted to defer the effective date of its long-duration insurance contract standard for one year in response to the pandemic.
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Avalara acquires Transaction Tax Resources for $377M
By Michael Cohn      3 min read
The tax content provider adds a high-powered customer list to Avalara.
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BlackLine acquires European AR software provider Rimilia
By Ranica Arrowsmith      2 min read
This buy adds a significant new offering area to BlackLine’s portfolio, which till now has focused on financial close automation.
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Art of Accounting: Advising clients on selling or buying a business
By Edward Mendlowitz      3 min read
About three years ago I was helping a client sell his business in what was a pretty typical negotiation for me. However, the client exhibited apprehension almost every step of the way.
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Board members seeing challenges from coronavirus in financial reporting and governance
By Michael Cohn      6 min read
Corporate boards of directors are dealing with new problems in financial reporting and accounting, along with governance, amid the novel coronavirus pandemic, according to a recent survey by BDO USA.
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Three keys to creating remote team chemistry
By Amy Vetter
One of the great challenges of working remotely is replicating the interactions and relationships that develop naturally in a physical office.
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Nexus worries for out-of-state workers amid coronavirus
By Michael Cohn
Emilie Burnette, practice lead for state tax analysis and content at Bloomberg Tax & Accounting, talks about what states are doing about taxing companies whose employees are working across state borders during the COVID-19 pandemic, and what they are doing about sales taxes.
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IESBA revises code of ethics for accountants’ societal role and mindset
By Michael Cohn      2 min read
The board's revisions emphasize the trust that the public places in accounting professionals.
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AICPA announces 2020 Effective Learning Strategies Awards recipients
By Sean McCabe      2 min read
Eight educators across the country were recognized for their innovative tools and strategies in accounting education.
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Tech mogul’s secrecy crumbles in IRS chase of ‘record’ trove
By David Voreacos and Neil Weinberg      8 min read
Robert T. Brockman was just putting the finishing touches on a new private equity fund when worrisome news arrived. Law enforcement agents had raided the home of a tax lawyer in Texas who had worked for him.
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