New Revenue Recognition Guidance and the Potential for Fraud and Abuse

New Revenue Recognition Guidance and the Potential for Fraud and Abuse

FASB had many goals in issuing Accounting Standards Codification (ASC) Topic 606, “Revenue Recognition from Contracts with Customers,”
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Wells Fargo, Boeing, Tesla and 'Shazam!' – 5 Things You Must Know

Here are five things you must know for Monday, April 8: 1. — Stocks Lower as Investors Look to Earnings Season. U.S. stock futures declined Monday as investors looked ahead to the start of the first-quarter earnings season and interpreted mixed statements …
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Oil taps fresh 5-month highs as Chinese buying, Libyan fighting in focus

Brent crude, the international benchmark, hit fresh five-month highs in Monday action, and U.S.-traded oil was tagging along in step, both boosted by signs that trade tensions are easing between the U.S. and China, as well as continued expectations for …
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Accountancy is in crisis

Accounting has to decide who it is talking to and what it is trying to tell them before it proceeds with any further reforms.
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TrickBot Trojan seeks out weak human links in business to profit from the tax season

0:00; share; fullscreen. 2018: The year of the banking Trojan Kaspersky Labs detected 900,000 attacks against users in 2018 alone. It is that dreaded time of year again: as the tax season in the United States looms, hackers worldwide are rubbing their hands …
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