Archive | June 2012
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What Smaller Companies Can Expect From the AICPA’s New OCBOA Framework
The American Institute of CPAs (AICPA) has announced its plans to formalize an optional financial reporting framework for private companies that do not need to prepare US GAAP financial statements. The AICPA does not have the authority to set US GAAP (US generally accepted accounting principles) or to require the use of any other accounting […]
Update on the FAF’s Private Company Council
Accounting standard-setters are making strides toward a flexible new process designed to carve out exceptions or modifications of US GAAP for private companies. Major steps taken include: a decision by the FASB’s parent organization, the Financial Accounting Foundation (FAF), to establish a Private Company Council (PCC), the development of a prototype of a decision-making framework […]
See Why MHM is Such a Great Place to Work in Our New Video
We are proud to share our new recruiting video featuring testimonials from real employees. See why Mayer Hoffman McCann P.C. is such a great place to work! We are always looking for quality, top-caliber candidates to fill roles within MHM. Whether you’re a college student looking for an internship, a recent or soon-to-be college grad, […]
Mayer Hoffman McCann’s Guide to the Dodd-Frank Act
The Professional Standards Group of Mayer Hoffman McCann P.C. is proud to share with you our latest issue of The Substance of the Standard providing in-depth information about the Dodd-Frank Act. This act, signed into law in 2010, ushered in an overhaul of the US financial regulatory system so sweeping that many of the regulations […]
