Accounting Standards Update May Impact Your Lease Recording

This month the Financial Accounting Standard Board (“FASB”) decided to move forward with issuing an Accounting Standards Update (“ASU”) pertaining to the accounting treatment of leases.  The ASU is expected to be final in early 2016.  The update, which has been in deliberations for multiple years, will essentially require leases

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Taxpayers Targeted in Latest Phishing Scam

The holiday season can be a wonderful time of the year but it is also a time when there is an increase in telephone-related scams. Tax scams can take on many different forms. Taxpayers need to keep their guard up against sophisticated and aggressive telephone scams.  There is currently an

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Internal Audit & Corporate IT Risks

In today’s environment, companies of all sizes face a myriad of risks and threats. More and more, the most pressing risks that companies face are related to technology. To protect against these risks, management is relying more heavily on the internal audit function to ensure the risks are identified and

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Manufacturing Leads the Economy with Two Key Trends

The 2015 Annual AICPA Global Manufacturing Conference was held last month in Denver, Colorado. Among the many topics presented during the two day conference, there were two recurring themes amongst all of the presenters: The increasing emphasis on technology in global manufacturing The continued resurgence of the manufacturing industry since

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