Proposed FASB Clarification for Contributions Received and Contributions Made
The Financial Standards Accounting Board (FASB) recently issued a proposed Accounting Standards Update (ASU or Update) (Topic 958) intended to clarify and improve the scope and accounting guidance for contributions received and made.
Grantmaking During Disasters
With the recent natural disasters, such as Hurricanes Harvey and Irma, private foundations are called upon to play a critical role in relief and recovery efforts and have traditionally been involved in assisting victims.
Cyber Roundup – September 2017
Another busy month for cyber criminals: from hacking to spamming to leaking. Even a vital medical device needed a cyber patch to protect its users.
It’s the Golden Age to Claim the Federal Research Tax Credit
These are the glory days for those seeking to claim the federal research tax credit. This is particularly so for small and middle market businesses and startups.
Equifax Breach – Key Steps in Protecting Yourself
Equifax, one of the largest credit reporting agencies in the nation, announced yesterday that it suffered a major cyber breach.
Careers Brochure
Be the GOAT. Step up to opportunity by joining PKF O’Connor Davies.
Views from the Audit Trail — Accounting for Temporary Donor Restrictions
As auditors and advisors, we have a unique vantage point that allows us to identify accounting and financial reporting issues that are, at times, misunderstood by our clients.
Thomas Sorrentino has recently been appointed a member of the Board of Commissioners of the NYC Taxi & Limousine Commission
Thomas Sorrentino, Partner, has recently been appointed a non-salaried member of the Board of Commissioners of the NYC Taxi & Limousine Commission. Commissioner Sorrentino’s term will run through January 31, 2022.
PKF O’Connor Davies Expands Harrison Leadership Team
Veteran Partners George Whitehead and Ann Buscaglia Elevated to New Management Roles
Disqualified Persons and the Private Foundation — Who Are They?
Certain questions on the Form 990-PF relate to transactions with “disqualified persons.” We often are asked — sometimes by board members themselves — “Who are disqualified persons?”
Cyber Roundup – August 2017
Last month was “business as usual” for cyber criminals. Even so, the volume and extent of these activities are mind-blowing — particularly with respect to the targeting of children, how easy cyber hacking skills can be transferred and cloud security. As computer professionals become aware of each incident, solutions eventually follow.