With the Financial Accounting Standards Board’s new lease accounting standard deadline now past for public companies, the challenge has shifted to private The post Lease Accounting Transition Pressures Shift To Private Companies appeared first on CFO Beat ..read more

Bloomberg Tax & Accounting today announced the expansion of Advantage Leased Assets to include support for multinational organizations who need to comply The post Bloomberg Tax & Accounting Expands Leased Assets Product appeared first on CFO Beat ..read more

Swenson Advisors is pleased to announce that Jim LoPresti has joined the firm as the Business Development Executive.  Jim will focus primarily on expanding The post Swenson Advisors Welcomes Jim LoPresti appeared first on CFO Beat ..read more

According to findings from the 2019 Internal Audit Capabilities and Needs Surveyconducted by global consulting firm Protiviti, three in four (76 The post Internal Auditors Have Started the Digital Transformation Journey, But More Work Needs to be Done appeared first on CFO Beat ..read more

With the Financial Accounting Standards Board’s new lease accounting standard deadline now past for public companies, the challenge has shifted to private organizations to adopt the requirement by 2020. A Robert Half and Protiviti survey of CFOs at private companies found that 26% have started but not completed the transition, and an additional 18% have yet to begin the process. The new standard requires companies to recognize assets and liabilities for virtually all long-term leases and increases disclosure requirements. Lease accounting standard adoption at private companies, by company size ..read more

Bloomberg Tax & Accounting today announced the expansion of Advantage Leased Assets to include support for multinational organizations who need to comply with international accounting standards, in addition to ASC 842. The expanded product includes functionality that allows companies to account for and report on their leased assets under the international standard IFRS 16. A new Foreign Exchange Rates feature supports multi-currency needs for multinational corporations managing assets located in countries around the world, simplifying the process for converting the lease value from local c ..read more

Swenson Advisors is pleased to announce that Jim LoPresti has joined the firm as the Business Development Executive.  Jim will focus primarily on expanding nationwide a comprehensive solution called AccountLease™, developed in conjunction with Cresa – San Diego, in order to assist public, private and not-for-profit business entities to adopt and comply with the new U.S. and international lease accounting standards that will significantly impact corporate balance sheets. AccountLease™ is a new paradigm that brings together a team of CPAs, Commercial Real Estate Brokers, Lease Accounting Softwar ..read more

According to findings from the 2019 Internal Audit Capabilities and Needs Surveyconducted by global consulting firm Protiviti, three in four (76 percent) internal audit groups are undertaking some form of innovation or transformation effort, a positive indicator that organizations are positioning themselves to thrive in the future. However, more progress is needed for next-generation internal audit models to mature and fulfill their full potential – fewer than one in three (31 percent) internal audit functions have an innovation roadmap in place to guide their innovation and transformation jou ..read more