The FASB recently voted to issue proposals on the determination of an arrangement as a lease and the financial reporting requirements for related party lease arrangements for certain entities.
The IRS has provided further extensions of the due dates for plan sponsors to incorporate required operational amendments in their plan documents under the SECURE, CARES, Miners, and Relief Acts.
The Federal Reserve raised its policy rate by 75 basis points on Wednesday, the third straight increase of that size and a sign that it is continuing its aggressive push to tame inflation.
Industrial production fell by 0.2% in August, the first decline in three months, amid a slowdown in manufacturing and a sharp drop in electricity production.
The impact of inflationary pressures on consumers and their willingness to spend has left many consumer products companies holding bloated inventory levels.
Premature calls for the Fed to pause its campaign to tame inflation should be politely dismissed given the 0.1% increase in top-line inflation in August.
personal income and spending in July signaled a gradual rebound of the economy in the third quarter after six months of declines in gross domestic product.
Commodity, oil, and gasoline prices declined noticeably in July, driving the pace of top-line inflation lower even as core inflation continued to increase at a torrid pace.