President Donald Trump has signed a congressional resolution that rolls back a rule requiring all publicly traded oil, gas and mineral resource companies to disclose payments made to foreign governments in which they operate. This joint resolution nullifies the “Disclosures of Payments by Resource Extraction Issues” rule finalized by the Securities and Exchange Commission (SEC) on July 27, 2016.
FASB Streamlines Goodwill Impairment Test Acting on feedback from stakeholders regarding the cost and complexity of measuring goodwill, the FASB recently issued a streamlined goodwill impairment test designed to simplify the process.
Learn more about partnership and corporate tax law opportunities, including partnership audits, taxation in leveraged partnerships, final debt and equity rules, and proposed rules to tighten tax-free spinoffs.
Since 1997, the Green-e Energy program has provided a framework that certifies renewable energy generation and use, verified by a careful chain-of-custody verification process that weeds out any “brown energy” generated by coal, waste or other carbon-based fuel sources. Nick Fusca, CPA, a senior manager in Hein’s Orange County office, offers a closer look at this Green-e auditing process.
Acting on feedback from private company stakeholders regarding the cost and complexity of measuring goodwill, the Financial Accounting Standards Board (FASB) recently issued a streamlined goodwill impairment test designed to simplify the process.
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