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U.S. housing supply continues to fall amid rising mortgage rates
There were 1.56 million new housing starts in June on an annualized basis, a 2.0% decline from May and the lowest level since last September.
U.S. June CPI: Persistent top-line inflation hits 9.1%
The top-line consumer price index hit 9.1% in June on the back of a 11.2% increase in gasoline prices and a 7.5% jump in overall energy prices.
FASB clarifies fair value measurement guidance for equity securities
The FASB has clarified the measurement of the fair value of equity securities subject to contractual restrictions that prohibit the sale of the equity security.
Manufacturing: The ‘ground zero’ for U.S. supply chain disruptions
How manufacturing companies are navigating supply chain disruptions
In the consumer goods supply chain, the importance of consumer data
Supply chain disruptions and consumer products companies
IRS issues stern warning that abusive microcaptive insurance schemes will be aggressively targeted
The IRS has recently announced that it will aggressively review microcaptive insurance arrangements.
Cybersecurity report reinforces urgency for family office protection
For family offices, RSM’s cybersecurity special report highlights insights, data privacy trends, and tactics organizations can use to strengthen security and privacy programs.
Travel industry, expecting busy summer, casts wary eye on inflation
With COVID-19 caseloads easing and consumers flush with savings built up during the
pandemic, the travel industry was anticipating a robust season.
States begin to consider digital asset taxation as sessions end
A number of states begin to consider or take steps related to the state taxation of digital assets as the economy for these assets continues to grow.
U.S. employment report for June indicates no recession now
An American economy in free fall does not tend to produce 372,000 jobs in any given month, as the June employment report showed on Friday. The data released by...
GASB revises requirements for compensated absences
The Governmental Accounting Standards Board has released Statement No. 101, Compensated Absences, replacing GASB Statement No. 16, Accounting for Compensated Absences.
GASB revises requirements for accounting changes and error corrections
The Governmental Accounting Standards Board (GASB) has released Statement No. 100, Accounting Changes and Error Corrections (Statement 100), which amends GASB Statement No 62.
Oklahoma proposes phasing out Corporate Income and Franchise Tax
Tax cuts, tax cuts, and more tax cuts. Is now the time for Oklahoma to cut corporate income and franchise taxes?
Cybersecurity governance and the board’s role
The SEC has proposed amendments to its cybersecurity rules for private companies. If enacted, some boards may require cultural and structural changes to address governance gaps.
The economic slowdown and hospitality
Inflation is hitting the hospitality industry harder than the broader economy.