FTC plots new course on antitrust, Big Tech under Trump nominees; It’s time to prepare for FASB’s new compensation reporting rules; PCAOB could be defanged by incoming Trump administration; Trump-related accounting rule revamp is a likely ‘nonstarter’
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“In general, of course, tariffs raise costs so that's not something that we see as a positive,” Costco CFO Gary Millerchip said on the company’s earnings call Thursday.
The new accounting standard will fundamentally change how businesses track and report compensation, especially with regards to bonuses and commissions, Mark Schopmeyer writes.
As the initial frenzy around the launch of generative artificial intelligence subsides, a new GenAI era is taking shape. Explore the tool’s potential for productivity gains and new revenue streams in this Trendline.
The new presidential administration might not abolish the PCAOB — but it doesn’t need to in order to render it ineffective, accounting professor Robert Pawlewicz said.
Daniel Tinkelman, a professor of accounting at Brooklyn College of the City University of New York, wants the FASB to clarify GAAP rules on personal financial statements.
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