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Priority Areas to Evaluate for the New Revenue Recognition Standard
(Accounting Today) - For professionals in the accounting and finance professions, any changes to accounting standards usually lead to some apprehension as these rules require companies to make key adjustments, expand disclosure practices and implement new procedures for recording various financial metrics.
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FASB considers slowdown in standard setting
(Journal of Accountancy) - As he prepares to start the second of his two three-year terms as FASB’s chairman, Russell Golden said the board has gotten the message that the pace of change needs to slow down.
Tax Preparedness Series: Tax Records — What to Keep
(IRS) - WASHINGTON — As tax filing season approaches, the Internal Revenue Service has information for taxpayers who wonder how long to keep tax returns and other documents.
Amazon's Giant Data Transfer Trucks Are an IT Auditor's Worst Nightmare
(Going Concern) - Drowning in more stuff than you know what to do with? Simple fix. Pack up the crap you can’t bear to part with, rent a truck, and tuck it into a storage unit. Holiday decorations and dusty workout equipment, welcome to your new home.
'I'm going to negotiate prices': Trump explains why he went after Boeing over Air Force One
(Business Insider) - The day after President-elect Donald Trump said he would "cancel" an order with Boeing for new Air Force One jets, he went on the "Today" show to explain his criticism of the company.
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