Energy & Utilities

ASC 606: The Impact of the New Revenue Recognition Standard for Water Companies

The complexity of businesses and their transactions requires an adaptable and detailed standard that can be consistently applied across industries to recognize revenue. ASC 606 is the new revenue recognition standard to be applied in US GAAP to improve the accuracy of revenue recognition. It concerns revenue related to contracts with customers and sales of […]

Cybercrime – A Major Threat to the Energy Sector

Copyright 2017, Knighthouse Publishing. Reprinted with permission. I’m not ashamed to admit that my life, like many of yours, has been made easier because of my iPhone.  I use it for everything, and it does pretty much everything I need. Today alone, I emailed a company’s CFO, set my fantasy baseball lineup, opened a door, […]

The Impact of this Administration’s Planned Reduction to Corporate Income Taxes on Utilities

Introduction The US corporate tax system has remained largely unchanged since 1986. However, on April 26, 2017, the Trump administration publically released its plan to significantly reduce corporate income tax rates by passing legislation for comprehensive tax reform.  The proposed tax reform calls for a reduction in corporate income tax rate from the current 35% […]

Fossil to the Future? Post Paris Agreement, State & Local Governments, Academia and Industry Look to Lead the U.S. Fight Against Climate Change

On January 24, 2017, President Donald Trump issued an executive order moving forward the much-debated Keystone XL Pipeline project. We analyzed the possible effects of this executive order, both inside and outside the US, and what the future held for America’s participation in the Paris Agreement, in an article published in Energy and Mining Magazine […]

Who is Mazars?

We are pleased to announce an exciting development for the new year! As of January 1, 2017 we have officially changed our name to Mazars USA LLP. As the world’s 11th largest accounting firm, the Mazars name is renowned around the globe. Our new name reflects our expanded international capabilities and reinforces our standing as […]