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Business and industry news from around the web: Dec. 3 – 7, 2018

Written on Dec 4, 2018

In case you missed them, here are some recent interesting business and industry news items from around the web.

AICPA seeks input on inventory valuation

The AICPA’s Financial Reporting Executive Committee (FinREC) has issued an early working draft of Inventory Valuation guidance. The purpose of this guidance is to outline considerations for estimating the fair value of inventory. Comments are due by Feb. 1, 2019.

Updates to automatic accounting method change procedures for small businesses

The changes in Section 13102 of the TCJA increase the pool of taxpayers qualifying for favorable small business accounting method reform and provide simplification with a reduced filing requirement. The changes grant relief and will save time and money for both taxpayers and tax preparers.

Lease accounting special report: Ready or not

Many companies still have plenty of work to do to comply with the new lease accounting standard. What’s holding them up?

How to elevate compliance & improve your control environment

The biggest challenges accounting and finance professionals are facing in our changing regulatory, controls, compliance and audit landscape and how they can effectively adapt to change.

Tech Corner - Holiday hacks: 6 cyberthreats to watch right now

'Tis the season for holiday crafted phishes, scams, and a range of cyberattacks. Experts list the hottest holiday hacks for 2018.