F or many years, the IRS clashed over the cash method of accounting with small business taxpayers who provided services as the mainstay of their business but who were categorized as inventory ...

LONDON (Reuters) - The European Union will play an active role in a review of the accounting principles which underpin the way books are checked for companies around the world, France's top accounting ...

U.S. companies may need to report cash amounts tied to their software expenditures, more of which would be moved off corporate balance sheets under a forthcoming proposal to update decades-old ...

The White House Office of Management and Budget's Cost Accounting Standards Board is proposing to eliminate dozens of accounting requirements for federal contractors that it considers "unnecessary and ...

The White House Office of Management and Budget’s (OMB’s) Cost Accounting Standards (CAS) Board last week announced one final rule and one proposed rule that would eliminate more than 60 requirements ...

Washington, D.C. – Today, the Office of Management and Budget’s Cost Accounting Standards (CAS) Board, chaired by the Office of Federal Procurement, published two proposed rules to eliminate more than ...