Audit Reminder: Rules regarding accounting cutoffs

What counts in 2020 vs. 2021 As year end approaches, it’s a good idea for calendar-year entities to review the guidelines for recognizing revenue and expenses. There are specific rules regarding accounting cutoffs under U.S. Generally Accepted Accounting Principles (GAAP)….

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SEC and CFTC Rule Comments and Effective Dates

SEC Activity: Fund of funds arrangements. The SEC has adopted a new rule and related amendments that update the regulatory framework for fund of funds arrangements. New Rule 12d1-4 allows a fund to acquire the shares of another fund in excess…

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