United States: Accounting and Audit

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Article
Preparing For Growth: 5 Tax And Audit Considerations Before You Scale
Organizations preparing to scale through hiring, market expansion, or capital investments must establish strong financial controls and tax processes to support sustainable growth. This comprehensive checklist outlines critical steps to strengthen payroll infrastructure, map multi-state tax exposure, align capital expenditures with tax strategy, enhance internal controls, and integrate proactive tax planning into growth initiatives.
United States Accounting
MG
MGO CPA LLP
Article
FASB Proposes New Guidance On Stablecoin Classification As Cash Equivalents And Enhanced Disclosure Requirements
On August 18, 2026, the Financial Accounting Standards Board (“FASB”) issued a proposed accounting standards update (“ASU”) titled Statement of Cash Flows (Topic 230): Cash Equivalents—Disclosure Enhancement and Evaluation of Certain Digital Assets. The proposed ASU seeks to clarify whether certain digital assets meet the definition of “cash equivalents” on the balance sheet, and to increase the transparency of the significant components of “cash equivalents.”
United States Accounting
MB
Mayer Brown
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Article
Preparing For Growth: 5 Tax And Audit Considerations Before You Scale
Organizations preparing to scale through hiring, market expansion, or capital investments must establish strong financial controls and tax processes to support sustainable growth. This comprehensive checklist outlines critical steps to strengthen payroll infrastructure, map multi-state tax exposure, align capital expenditures with tax strategy, enhance internal controls, and integrate proactive tax planning into growth initiatives.
United States Accounting
MG
MGO CPA LLP
Article
Data Center Industry Responds In Wake Of Texas' Dynamic Regulatory Changes
Texas Governor Greg Abbott has ordered a comprehensive verification audit of data center projects in ERCOT's interconnection process, fundamentally altering the regulatory landscape for the industry. The directive introduces new "community impact" requirements covering tax incentives, water usage, noise controls, and ownership disclosure, while state legislators threaten to repeal sales tax exemptions.
United States Energy
HK
Holland & Knight
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Article
FASB Proposes New Guidance On Stablecoin Classification As Cash Equivalents And Enhanced Disclosure Requirements
On August 18, 2026, the Financial Accounting Standards Board (“FASB”) issued a proposed accounting standards update (“ASU”) titled Statement of Cash Flows (Topic 230): Cash Equivalents—Disclosure Enhancement and Evaluation of Certain Digital Assets. The proposed ASU seeks to clarify whether certain digital assets meet the definition of “cash equivalents” on the balance sheet, and to increase the transparency of the significant components of “cash equivalents.”
United States Accounting
MB
Mayer Brown
Article
NYSE Proposes Extending Internal Audit Function Transition Period From One Year To Five Years
The New York Stock Exchange has proposed extending the transition period for newly listed companies to establish an internal audit function from one year to five years. This significant change aims to provide issuers with adequate time to develop effective internal controls while balancing competing regulatory obligations and operational demands faced during the critical early years of being a public company.
United States Commercial
MB
Mayer Brown
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