Executive managers of companies and not-for-profit organizations must make more uniform disclosures if there is significant doubt about a company’s ability survive, according to new standards released by the Financial Accounting Standards Board August 27, 2014. Under Accounting Standards Update No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertaint ...

A $450B Annual Tax Gap Prompts Treasury to Pursue Aggressive Compliance Techniques Blake E. Christian explains why the IRS has an explicit focus and specific tactics. Here’s what to expect: increased regulation of tax professionals, more mandated disclosures, and an insistence on tax document matching. Plus, there will likely be an added focus on high-yield assessments. ...