The Governmental Accounting Standards Board has posted a proposed implementation guide with a set of questions and answers about GASB’s new standards on accounting and financial reporting for ...
The Governmental Accounting Standards Board has issued two documents describing its preliminary views on lease accounting for state and local governments, and financial reporting for fiduciary ...
Trustees constantly deal with the characterization of receipts and disbursements for the purposes of calculating fiduciary accounting income. Fiduciary accounting income is not the same as taxable ...
Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Andy Smith is a Certified Financial ...
In Avande, Inc. v. Shawn Evans, C.A. No. 2018-0203-AGB (Del. Ch. Aug. 13, 2019), the Court of Chancery rejected most of the claims brought by Avande, Inc. (“Avande”) against Avande’s former director ...
The rules governing income taxes assessed on trusts and estates are quite distinct from other income tax provisions because they combine fiduciary accounting rules, some of which differ across ...
U.S. Bancorp has acquired the fund administration and account division of Fiduciary Management. The unit has more than $8 billion in assets under administration, while the remaining investment ...
Under settled Delaware law, corporate fiduciaries have an affirmative duty to ensure that corporations follow the law. Specifically, corporate directors and officers are liable for the wrongdoing of ...