Browsing: Accounting

Law & Policy FASB proposes accounting changes for some cash balance plans  July 1, 2026 For the first time in 20 years, the Financial Accounting Standards Board (FASB) has suggested substantive — though limited — changes to the accounting framework for defined benefit (DB) plans. FASB’s p…

The latest round of promotions came as BDO reported its financial results for the previous financial year. In FY25, BDO reported revenue of $606.5 million, and the firm is forecasting similar revenue growth ahead of its FY26 results. BDO chief executive partner, David Garvey, said the firm’s conti…

Published July 02, 2026, 11:39 p.m. EDT 5 Min Read Red flag returns; dubious dental surgeries; high percentage of refunds; and other highlights of recent tax cases. Processing Content Chicago: The Chicago rapper known as Twista has pleaded guilty to five counts of willfully failing to pay his income…