“It is an important step towards a single global principle-based standard that would make it absolutely clear when revenue is recognised-and why.”
~ Sir David Tweedie is pretty happy with how the converged revenue recognition standard turned out.
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“It’s not a sure thing that they’ll actually get around to doing anything about it.”
~ Craig Jennings, federal fiscal policy analyst at OMB Watch, doesn’t have much faith that Congress.
The IRS Did the Exact Opposite of What Chuck Grassley Wanted
“These changes appear to be limiting the scope of whistleblowers and the type of recoveries that would be eligible for an award. The fewer people eligible for rewards, the fewer people coming forward with information that might check out as tax fraud.”
~ Senator Charles Grassley (R-IA), wants more whistleblowers to get paid.
Pandemic Pay Cuts Didn’t Sit Well with One Deloitte Employee In Australia
Yesterday Adrienne wrote an excellent post about winners and losers in accounting during the coronavirus […]