Accounting


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The Financial Accounting Standards Advisory Council (FASAC) releases the results of its annual survey, which asks council and FASB members to rank current FASB projects by priority. Respondents deemed the following topics most worthy of the board’s attention this year: business combinations and application of the purchase method of accounting, liability and revenue recognition, codification and simplification of GAAP and standards overload. ( www.fasb.org/fasac/resultpg2001.html)

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

COLUMN

Deflecting clients’ requests for defense and indemnity

Client requests for defense and indemnity by the CPA firm are on the rise. Requests for such clauses are unnecessary and unfair, and, in some cases, are unenforceable.