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Cherry Bekaert Elects Michelle L. Thompson as Firm Managing Partner

Our Talent

October 18, 2017

Cherry Bekaert LLP is proud to announce the election of Michelle L. Thompson, CPA, as Firm Managing Partner and Chief Executive Officer.

FASB Moves Forward with Simplifying Debt Classification Guidance

Article

September 20, 2017

The Financial Accounting Standards Board (“FASB”) wrapped up talks on the Proposed Accounting Standards Update, Debt (Topic 470): Simplifying the Classification of Debt in a Classified Balance Sheet (Current versus Noncurrent).

James Doty to Step Down as PCAOB Chairman, Will Help with Transition

Article

August 17, 2017

James Doty, current chairman of the Public Company Accounting Oversight Board (“PCAOB”) of the Securities and Exchanges Commission (“SEC”), will step down once the commission has found his successor, according to an SEC announcement on August 11, 2017. Once that successor has been found and named, a date for Doty’s final day will be announced. The SEC has the authority to appoint PCAOB members under the Sarbanes-Oxley Act of 2002.

COFAR Updates Frequently Asked Questions Document on Uniform Guidance

Article

August 15, 2017

The Council on Financial Assistance Reform has issued a revised frequently asked questions (“FAQs”) document on the Office Management and Budget’s (“OMB”) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200. Updated as of July 2017, the document features 24 new FAQs and four revised FAQs.

Cherry Bekaert Raleigh Practice Named One of the Best Places to Work

Awards & Recognition

August 7, 2017

Triangle Business Journal recently selected Cherry Bekaert’s Raleigh practice as one of the Triangle’s “Best Places to Work” for 2017.

Use of Cost Realism in Proposal Evaluations

Article

July 21, 2017

When negotiating a contract price, the primary concern of contracting officers (“CO’s”) should be the price that the government will pay to obtain the required supplies or services from a responsible contractor.

Government Contractor Consulting Services

Cherry Bekaert Recognized as Top 5 South Florida Practice

Awards & Recognition

July 19, 2017

For the second consecutive year, Cherry Bekaert’s South Florida practice has placed in the top five on the Accounting Firms by South Florida Billings list.

FASB Aims to Eliminate Guidance for Bad Debt Reserves Regarding Savings and Loans

Article

July 5, 2017

A new Financial Accounting Standards Board (“FASB”) proposal seeks to replace out-of-date deferred tax guidance regarding bad debt reserves for savings and loans that began after December 31, 1987, as well as guidance concerning the Comptroller of the Currency’s Banking Circular 202, Accounting for Net Deferred Tax Charges (Circular 202).

Cherry Bekaert’s Cloud Solutions Practice Joins NetSuite Solution Provider Program

Awards & Recognition

June 29, 2017

Cherry Bekaert LLP announces that the Firm’s Cloud Solutions practice has joined the NetSuite Solution Provider Program.

GASB Statement 85 Addresses Various Practice Issues

Article

March 24, 2017

The Governmental Accounting Standards Board (“GASB”) has issued GASB Statement No. 85, Omnibus 2017, to address the following accounting and financial reporting matters:

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