Author: Courtney Healy
In today’s market, managing mergers and acquisitions (M&A) is one of the most important skillsets for mid-market businesses. It’s also one of the most challenging. Every deal is unique. But there are certain best practices that apply to nearly every successful transaction. Here are some of the most important for buyers and sellers alike.
After multiple delays ASC 842, which provides new guidance on leasing standards, is taking effect for private companies and nonprofits for fiscal years beginning after December 15, 2021. Earlier guidance allowed organizations to omit certain lease assets and liabilities from their balance sheet. ASC 842 was designed to close the loophole. Read our analysis to learn more.
The Treasury Department has released its Priority Guidance Plan (PGP) for 2021-2022, a projection of what they want to accomplish during the 2021-2022 fiscal year. The PGP provides an indication of where the Treasury wants to focus, which includes several issues relevant to nonprofit organizations.
Recently, the AICPA Auditing Standards Board issued a suite of standards that effect the Auditor’s Report. It places the auditor’s opinion at the front of the audit report and strengthens the transparency of the auditor’s opinion, clarifies responsibilities, and otherwise strengthens the audit process.