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Why Should Skagit County Businesses Care About FASB and GAAP?

SkagitCountyTaxServices

If the last 20 years of the economy’s highs and lows, downturns and headlines taught us anything about business, it’s that complete and transparent accounting is in everyone’s best interest. One independent organization working to keep companies’ books clear and honest is the Financial Accountant Standards Board.

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Monday Morning Accounting News Brief: The Age of the Non-CPA; PwC Explains the Chevron Thing | 7.29.24

Going Concern

India Today explains why US firms love hiring accountants in India : Consequently, American firms are increasingly turning to other countries to fill the gap, particularly eyeing India for its highly skilled accounting professionals. As a result, last year’s data shows more IPA 100 firms were increasing the hiring of talented non-CPAs.

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Friday Footnotes: Looking Elsewhere For Talent; MPs Talk Private Equity Concerns; The Burnout Queen | 8.25.23

Going Concern

News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.

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Tuesday Morning Accounting News Brief: Consultants Probably Won’t Be Cleaning Up Due to Trump’s Hiring Freeze; Where Are We At With 150 and Mobility? | 1.21.25

Going Concern

The IASB wants input from Australian CPAs on IFRS : CPA Australia is calling on its members to participate in a survey that is expected to help inform the future direction of International Financial Reporting Standards (IFRS). ” Isn’t it refreshing to see a national body considering its members?