Insights

For many years, small business contractors performing on set aside contracts were limited in the amount of work that could be subcontracted. This limitation was generally, and misleadingly, referred to as the 50 percent rule.

Four public companies have settled with the Securities and Exchange Commission (“SEC”) after being charged with failing to resolve their internal control reporting failures.

Join Cherry Bekaert for this course as we review the basic tenants of ASC 842.

With the Securities and Exchange Commission (“SEC”) required to cease regular activities during a government shutdown, the agency’s Division of Corporation Finance (“Corp Fin”) has issued staff guidance detailing the agency’s limited functions during the shutdown.

Last month, the Department of Justice issued its annual report on recoveries under the False Claims Act (“FCA”) cases during fiscal year 2018. The amount of recoveries for procurement fraud totaled approximately $107 million.

A new Accounting Standards Update (“ASU”) from the Financial Accounting Standards Board (“FASB”) removes Topic 995, U.S. Steamship Entities, from its Codification.

The AICPA issues new technical questions and answers. Stay informed about the latest updates and their impact on financial reporting.

A Senate bill offers Sarbanes-Oxley exemptions for small banks. Discover what this means for financial regulations.

FASB moves forward with simplifying debt classification guidance. Discover what the changes mean for your financial statements.

James Doty steps down as PCAOB Chairman, ensuring a smooth transition. Discover how this change may impact audit oversight.