News & Insights
Virtas and RapidCanvas Announce Strategic Partnership to Transform Financial Consulting into AI-Powered Execution
Chicago, IL — April 23, 2026 — Virtas Partners, a consulting firm focused on solutions for the Office of the CFO and M&A enablement, today announced a strategic partnership with RapidCanvas, the...
Public Company Readiness: Going Public. Being Public
Key Highlights for Finance Functions Here are the recurring pressure points related to public company readiness and how you can think about them: PCAOB audit "uplift" procedures cannot be...
Angus Buchanan Joins Virtas as Senior Advisor
Chicago, IL, March 24th, 2026: Virtas Partners, the premier Office of the CFO advisory firm serving the Middle Market, bringing solutions to clients across the business lifecycle, is pleased to...
Post-Audit Debrief
The audit isn’t over when the opinion is signed. For many finance teams, issuance is the finish line: file, take a breather (maybe even a solid nap), move on to 2026. But the best CFO/Controller...
February 2026 Supreme Court Ruling Considerations
On February 20, 2026, the U.S. Supreme Court ruled in Learning Resources, Inc. v. Trump that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose...
ASU 2025-06 – Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40) (Targeted Improvements to the Accounting for Internal-Use Software)
ASU 2025-06 updates ASC 350-40 to better fit modern internal-use software development (agile, SaaS, iterative builds) and reduces diversity in practice on when to capitalize vs expense software...
Year End External Audit Preparedness Checklist
This checklist outlines key activities finance leadership teams should consider before calendar year-end to position the organization for an efficient and “no surprises” external audit. 1. Align on...
Fair Value in Deals: Hot Button in Purchase Price Allocations (PPAs)
Key Highlights for Finance Function Auditors are intensifying their focus on fair value measurements in M&A transactions, particularly in purchase price allocations (PPAs). PCAOB inspection...
Change in Accounting for Share-Based Payment Awards to Customers
The Financial Accounting Standards Board issued ASU 2025-04, Clarification to Share-Based Consideration Payable to a Customer (ASU 2025-04) to clarify how to account for share-based awards (e.g.,...
SOCF and Disclosure: Increased Scrutiny of the Statement of Cash Flows
What is happening Auditors are elevating procedures over the statement of cash flows (SoCF) and related disclosures, with heightened attention on classification judgments, completeness of noncash...