The Sooner the Better

An understanding of Accounting Standard Updates (ASU) ahead of time is necessary for business entities to recognize the impact and to properly prepare for implementation. As FASB issued ASU regarding leases on February 2016, people might think it’s still too early to...

Two Cost Saving Cases

Case 1: A large non-profit organization was paying astronomical amounts of workers’ comp insurance premium each year. One property insurance broker decided to review the claims of this non-profit organization even if this was not his client. This individual wanted to...