New Year, New Lease Standards

New Year, New Lease Standards

As you may know, the new lease standard, ASU 2016-02, Leases (Topic 842), issued by the Financial Accounting Standards Board (FASB) on February 25, 2016, is now effective for public business entities, along with certain not-for-profit entities and employee benefit...
Near-term Trends in the Auditing Profession

Near-term Trends in the Auditing Profession

Independent, third-party audits have long been viewed as a necessary component of doing business. It’s something that generally must be performed in response to outside forces (i.e., banking institutions, external equity holders, etc.) in order to maintain a...