FASB Nears the Finish Line on Materiality

The Financial Accounting Standards Board (FASB) has been working through a project on materiality for the past year-and-a-half, because up to now, there has been no explicit U.S. GAAP accounting standard for the accounting of government assistance.

Materiality is integral to Topic 832, Accounting Standards Update, Government Assistance in terms of defining a threshold for which government incentives will ultimately have to be disclosed.

BIGcontrols Receives Big Ranking

It’s estimated that the United States has over 27 million entrepreneurs. So when Konsus recently released a list of top technology startup pitch decks and ranked BIGcontrols number 23, it says a lot about BIGcontrols and the value behind the mission of our company. Konsus based their listing on our presentation at 500 Startups, a leading technology incubator and investor which attracts the best and brightest technology innovators.

A United State of Incentives

If anyone thinks the states of our country are not united, the New York Times has coined a term that suggests otherwise: “ The United States of Subsidy” . The Times is referring to the subsidies, often referred to as government incentives, that are currently being offered by all levels of government to companies across the nation in order to attract business to their jurisdiction and to stimulate investment.

Trump’s Impact on Compliance in 2017: Change is Coming

With every new president, there always comes some uncertainty to how the new regime will affect policy. However, with the presidential inauguration of Donald Trump now behind us, there is a heightened level of anticipation for what might happen in the coming months. Even without the wildcard that is President Trump, a Republican controlled House and Senate will ensure that many changes will be coming that will greatly impact compliance in regulated industries in 2017.